Bahubali- The Conclusion, lifts movies related shares
DSIJ Intelligence / 28 Apr 2017
The stocks of film production company Mukta Arts and multiplex theatre operator PVR surged on Friday, ahead of the bumper release of the much-awaited movie, Baahubali: The Conclusion.
The stocks of film production company Mukta Arts and multiplex theatre operator PVR surged on Friday, ahead of the bumper release of the much-awaited movie, Baahubali: The Conclusion.
Baahubali: The Conclusion, is to be released at close to 6000 screens across the country. Owing to massive response of more than USD 3 million (Rs 20 crore) advance booking, the movie is likely to be a mega hit on the box-office, and will draw crowds to the theatres in huge numbers. PVR is encouraging that Baahubali 2's collections will overtake Dangal.
The prequel, Baahubali: The Beginning, was released in 2015, and it turned out to be a mega hit. It recorded collection of Rs 650 crore at the box office, and set a new record in the Indian film industry. The second part of the movie is expected to rake in around Rs 1000 crore at the box offices.
The share price of Mukta Arts increased 5.28 per cent, and is trading at Rs 111.7 on an intraday basis. PVR's scrip is trading at Rs 1634.65, with gain of 1.39 per cent on Friday.
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