Brahmastra’s bumper weekend boosts PVR, Inox’s market value by over Rs 650 crore

For the past several months, the poor performance of Bollywood’s big films at the box office was affecting the business of multiplex chains. Stock prices of listed multiplex companies PVR and Inox have rallied over 4 per cent on the back of high-budget Brahmastra’s release and bumper collections.

This film of Ranbir Kapoor and Alia Bhatt, who appeared as a pair for the first time on the big screen, was waiting for their fans as well as Bollywood. Shares of PVR and Inox had taken a big hit last Friday after Brahmastra received a poor response from film critics, eroding their market capitalization by over Rs 800 crore. Bollywood has been going through a difficult phase for the last few years. first due to corona theaters for several months in the movies release The film industry has suffered a lot due to non-availability and then flops of big films. Recently, Aamir Khan’s film Lal Singh Chaddha also failed to attract the audience. The huge success of some South Indian films has also led to a decline in the viewership of Bollywood films.

Karan Taurani, Senior Vice President, Elara Capital, told that Brahmastra has collected around Rs 100 crore in the opening weekend. This has helped in the recovery of shares of PVR and Inox. Taurani said, “Despite the mixed reviews of the film, this figure is surprising. There are two reasons for this. The audience has liked the VFX in this film and the higher ticket prices have also increased the collection.” With the increase in the number of viewers watching this film, it can be included in the successful films of this year.

The release of this film was postponed several times due to various reasons. There was also a demand to boycott it before its release. Because of this, apprehensions were being expressed about the success of the film. It could also be a setback if film critics didn’t like it much. However, the people associated with Bollywood have got some relief from the higher than expected collection of Brahmastra.

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