Advance booking of Pushpa 2 is making records. According to an estimate, this figure could be between 50 to 60 crores. Due to this, there is a good rise in the shares of theater company PVR Inox. Let us also tell you what kind of magic Pushpa 2 is showing in the stock market before the ticket window.
The most awaited film of the year and Arjun Allu’s dream project Pushpa 2 is ready for release. It will be released in theaters across the country in December. Before that, advance booking of this film has also started in theatres. The makers have earned around Rs 25 crore from advance booking which started from December 30. It is estimated that with advance booking on the first day, the makers can earn up to Rs 60 crore from this film. This means that the film can open at Rs 150 to 200 crores at the Pan India level.
Shares of theater stock PVR Inox rose nearly 3 percent due to record advance booking. Due to this, the market cap of the company has increased by Rs 426 crore in a few minutes. If experts are to be believed, Pushpa 2 will create a stir in India. Its effect can also be clearly seen on the stock market. According to experts, Pushpa has the power to attract 2 people to the theatres. Due to which theaters are likely to earn money. If the revenue increases, the shares of the company will also increase. Let us also tell you what kind of impact Pushpa is having on the stock market.
PVR shares increased
According to Bombay Stock Exchange data, shares of PVR Inox rose by about 3 percent during the trading session. During the trading session the shares of the company also traded at Rs. The day’s highest level reached 1583.40. However, at 2 pm the company’s shares rose by 2.25 percent to Rs. Trading at 1,574.65. However, the shares of the company opened at Rs 1,558. On Friday the shares of the company closed at Rs 1540. On December 18, 2023, the shares of the company will be worth Rs. It reached a 52-week high of 1,829. The company’s shares are currently about 14 percent below the record high. It is being speculated that with the release of Pushpa 2, the company’s shares may touch new record levels.
Earned Rs 426 crore in one go
Due to the increase in the shares of PVR Inox, the market cap of the company has also increased. According to the information, the market cap of PVR Inox was seen at Rs 15,122.79 crore on Friday. Which during the trading session on Monday was Rs. Reached Rs 15,548.97 crore. This means that within a few minutes the market cap of PVR Inox increased to Rs. There has been an increase of Rs 426.18 crore. If experts are to be believed, the company’s shares may rise in the coming days.
