Mumbai: The shares of media and entertainment companies like Prime Focus Limited and PVR Inox Limited fell up to 5 per cent during the intra-day trade on Tuesday after US President Donald Trump announced imposing a 100 per cent tariff on movies made outside the United States.

The move will likely impact Indian companies that export films in various domestic languages to the US. These companies get immense business from the diaspora.

The shares of Prime Focus Limited fell 5 per cent to hit a lower circuit at 175.94 on NSE. The stock opened slightly down at Rs 184.98 in the morning against last session's closing of Rs 185.20. The scrip fell by over 5 per cent in a week. However, in the last 30 days, it rose by over 21 per cent.

Similarly, shares of PVR Inox dropped over 3 per cent in ear

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