In the last three months, there has been a tremendous growth in the market cap of PVR Inox. According to BSE data, there has been an increase of more than Rs 3,520 crore in three months.
The share price of PVR Inox has gained more than 26 per cent in the last three months. The rise in PVR Inox shares has come amid hopes of an increase in revenue on the back of strong box office collections of recently released films. The special thing is that in the valuation of PVR Inox, there has been an increase of times from the total budget of Chandrayaan.
If experts are to be believed, there may be a further increase in the shares of PVR Inox in the coming days. PVR Inox shares have been mostly flat in 2023 so far, but since the beginning of the second quarter of FY2024, the company's shares have started catching pace. PVR shares have gained more than 15 per cent in the last one month.
Release of films in the second quarter
The July-September quarter started on a strong note with films like Mission Impossible – 7 and Oppenheimer doing well at the box office (BO). After this, Gadar-2 and Jailer stormed the box office with collections of Rs 410 crore and Rs 290 crore respectively. So far, six films have already crossed 100 crore net box office collections in the second quarter. In fact, according to brokerage firm Prabhudas Lilladher, given the sharp turn in Bollywood, the industry wide net box office collections have clocked around Rs 1,830 crore in the first two months of Q2. It was seen to have a net box office collection of around Rs 1,870 crore and Rs 1,860 crore in the second quarter of FY 2024 and the first quarter of FY 2024, respectively.
Who can be the collection?
Apart from this, films like Dream Girl-2, Jawan and Salaar are going to release in the second quarter. Apart from this, films like Gadar-2, Oh My God-2 and Jailor are still continuing their run. Thus it is expected that the net box office collection of the entire industry is going to be very good in this quarter. If there is a net box office collection of 750 crores in 38 days between August 24 and September 30, then the total figure in the second quarter can be Rs 2,580 crores. In the first quarter, the share of PVR in the net box office collection was about 37 percent.
Footfall may be 39.2 million
Jinesh Joshi, research analyst at Prabhudas Lilladher, said that if these estimates are correct, then the net box office collection of PVR-Inox could be Rs 830 crore in the second quarter of FY2024. This means that the second quarter of FY24 can see a footfall of 39.2 million people. Joshi said, if the footfall actually becomes 39.2 million, then the second quarter can prove to be very strong in terms of industry.
Increase in market cap in three months
If we talk about the shares of the company, then there has been an increase of 28 percent in three months and the company's market has increased by Rs 3520 crore. Which is about 6 times more than the budget of Chandrayaan 3. On Thursday, the company's stock closed at Rs 1733.50 with a gain of about 1.48 per cent. At present, the company's market cap has come to Rs 16,984.28 crore. In the coming days, even more increase can be seen in it.
No comments:
Post a Comment