According to the data, on September 8, the share of PVR Inox had come to Rs 1847.85. After 19 days i.e. on 26th September, the company's shares reached the day's low of Rs 1703.55. This means that a decline of about 8 percent has been seen in the shares of PVR.
The magic of Shahrukh Khan's Jawan did not work at all on the stock market. Since the release of the film, the shares of PVR Inox have seen a decline of more than 7 percent and the valuation of the multiplex has seen a decline of more than Rs 1400 crore.
The surprising thing is that when Gadar 2 was released in the month of August, PVR Inox shares gave tremendous returns to the investors. In less than a month, PVR Inox shares saw a record rise of more than 12 percent.
Well, Jawan continues to shine at the box office. In 19 days, Jawan has earned more than Rs 1000 crore worldwide. If we talk about domestic collection, it has earned Rs 566 crore. Now Jawan has his eyes set on Rs 600 crore. If experts are to be believed, the earning of a soldier in India can even cross Rs 700 crore.
The buzz about the film is still there. Being a Pan India film, the film is being liked a lot in other languages also. Let us take a look at the stock of PVR Inox and see how much profit and loss investors have incurred during Gadar 2 or Jawan.
Record earnings were made during Gadar 2
Gadar 2 also created a stir at the box office and after a long time, Sunny Deol's movie broke records and earned. On one hand, the success of Gadar 2 was visible at the box office. On the other hand, investors were getting showered with money in the stock market. The film was released on 11 August and on 10 August the share of PVR Inox was at Rs 1,631.15. Exactly a day before the release of the film Jawan i.e. on 6th September, the company's shares had come down to Rs 1,827.30. This means that due to the success of Gadar 2 and increase in footfall of the people of the country in theatres, the company's shares saw a record rise of more than 12 percent.
Situation after the release of jawan
Now let us try to understand the situation of the young man. The release date of Jawan was 7th September. Unlike Gadar 2, there was no big film during the release of Jawan. This means that the entire field was clear for the soldier. The film benefited greatly from this and Shahrukh Khan got the biggest opening of his career at the box office.
But its effect was not visible in the stock market. According to the data, on December 8, the company's share had come to Rs 1847.85. After that there was no special enthusiasm in the shares of PVR. After 19 days, the company's shares reached the day's low of Rs 1703.55. This means that a decline of about 8 percent has been seen in the shares of PVR.
PVR suffered a loss of Rs 1,415.89 crore
On September 8, shares of PVR Inox closed at Rs 1847.85. The market cap of the company that day was Rs 18,131.43 crore. On 26th September i.e. today, the share of PVR Inox was at the lower level of the day at Rs 1703.55 and the market cap of the company came to Rs 16715.54 crore. This means that since then PVR's market cap has suffered a loss of Rs 1,415.89 crore. This means that the valuation of PVR Inox has declined by more than the jawan's earnings.
No comments:
Post a Comment