Imagica on a ride

Imagicaaworld Entertainment is buzzing and pretty volatile today. The stock opened in the green today at Rs.13.75 and rose to Rs.14.14, briefly skimming its 5% UC of the day. Its 52-week high is at Rs.14.25. It is though currently trading back in the red.

The company said that on 18th Oct, it received the permission to open its theme park from the Government of Maharashtra vide Unlock Order.

Pursuant to the said order, the Theme Park will be opened as per the SOPs and guidelines specifically issued. The Water Park will however remain non-operational until further intimation.

Th company stated that revenue loss for the relevant accounting period (April 2021 to September 2021) is around Rs. 89 crore approximately.