India's Imagicaaworld Entertainment falls after temporary closure of water park
19/06/2026 04:56
BUZZ-India's Imagicaaworld Entertainment falls after temporary closure of water park ** Shares of India's Imagicaaworld Entertainment IMAW.NS drop 6.97% to 42.96rupees
** Stock on track for biggest intraday pct loss since April 25, 2025, if losses hold
** Co said it will temporarily shut its water park in Raigad district from June 19 after Maharashtra govt's irrigation department directed it to stop drawing water from nearby dams amid low reservoir levels linked to El Nino conditions
** Says duration of disruption and financial impact being assessed
** Adds losses could be non-material if operations resume early, while insurance claimability remains uncertain
** YTD stock down 5.45%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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