The shares of PVR and INOX surged to their highest level in 52 weeks after the country’s two leading film exhibitions announced a merger deal on Sunday to create the largest multiplex chain in the country. The stocks of PVR Limited surged as much as 10 per cent to hit fresh 52-week high of Rs 2,010.35 and Inox Leisure climbed as much as 20 per cent to hit new high of Rs 563.60 on the BSE.