Dimensions Corp's Ajay Srivastava believes businesses will make more losses at 50% capacity

Business will make more losses at 50 percent occupancy or capacity, said Ajay Srivastava, CEO of Dimensions Corporate Finance Services in an interview to CNBCTV18 on Thursday. His comments came as the Centre released the guidelines for Unlock 5.0 on Wednesday evening, allowing cinemas, theatres, multiplexes to open from October 15 with up to 50 percent capacity. The Ministry of Home Affairs guidelines on the Unlock 5.0 left it to the states and Union Territories to decide on the reopening of schools in a graded manner. In Maharashtra, cinema halls will remain closed but the government has allowed hotels, food courts, restaurants to operate from October 5 with 50 percent capacity.

Speaking on multiplex stocks, Srivastava said that the people won’t crowd into cinema halls any time soon and investors need to ignore performances over the next one year for multiplex stocks. He has a holding in PVR.