Due to the release of Jawan, PVR Inox shares saw a rise of 12 percent. After that, there was no significant rise in the shares of multiplex. The company's shares did not see a decline of more than one and a half percent on Monday.
Shahrukh Khan's tsunami named Jawan is drenching the entire country's film industry. It has set a new record after earning Rs 81 crore in India on Sunday. On the other hand, a new flag has been hoisted with the sale of more than 28.75 lakh tickets. No film in the country has been able to do such wonders at the box office. Shahrukh's Jawan had no impact on Dalal Street at all. On Thursday and Friday, PVR Inox shares saw a rise of more than one percent. On Monday, the company's shares fell by 1.50 percent. In 217 minutes, the valuation of PVR Inox declined by more than Rs 309 crore. Let us try to understand this from the data of Bombay Stock Exchange.
Inox shares did not rise
It was expected that after the release of Jawan, there would be a huge rise in the shares of PVR Inox. There was no significant increase in the shares of the multiplex of the film released last Thursday. Even on Friday, shares of PVR Inox remained flat. On both the days combined, multiplex shares saw a rise of just over one percent. Investors and experts had high expectations from Monday also. There was a reason for this also. By then there will also be box office figures till Sunday. Figures also came out which are records in themselves. Even after that, on Monday, far from the rise in the shares of PVR, there was a decline of more than one and a half percent.
How much did PVR Inox share fall today?
According to Bombay Stock Exchange data, PVR shares saw a decline of 1.70 percent. The company's shares came down to Rs 816.30 during trading session. However, today the company's shares opened at Rs 1863. It came to Rs 1816.30 in 217 minutes i.e. 12.52 minutes. The company's shares opened at Rs 1847.85 on Friday. The company's shares also reached the day's high of Rs 1868 during the trading session. However, it was expected that the shares of the company would see a rise. At present the 52 weeks high of the company is Rs 1,974.75.
The company suffered a loss of Rs 309 crore in 217 minutes.
Due to the fall in the shares of PVR Inox, there has also been a decline in the valuation of the company. According to the data, when the stock market closed on Friday, the market cap of the company was Rs 18,110.37 crore. Whereas today when the company's share reached Rs 1816.30, the market cap of the company became Rs 17,801.15 crore. This means that there was a loss of Rs 309.22 crore in the valuation of the company.
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