The much-discussed and long-awaited release Brahmastra yesterday on the screen. The film, directed by Ayan Mukherji, stars Ranbir Kapoor and Alia Bhatt, along with Amitabh Bachchan, Nagarjuna and Mouni Roy. Making the Karan Johar produced Brahmastra extra special is that the film features cameos from none other than Shah Rukh Khan and Deepika Padukone. Leading up to its release, Brahmastra made headlines every day and with the growing anticipation for the film, theaters benefited significantly. In the week before release, both PVR Cinemas and INOX Leisure witnessed a 2-4% growth in their share prices. However, now we hear that message the release of Brahmastra both stocks have seen a decline.
Negative reviews of Brahmastra affect the stock price of PVR and INOX; both fall by about 5%
According to reports, both PVR Cinemas and INOX Leisure have seen share prices fall by 5%, ending at Rs 1,833 and Rs 494 respectively on the NSE (National Stock Exchange). Currently, this price drop is attributed to the fact that: Brahmastra which was billed as this year’s biggest release, received more negative reviews than positive ones. Given the unfavorable response the film has received, the overall business prospects have also been dented. This sudden reappraisal of the film’s box office potential is attributed to the root cause of the slashed prices that PVR and INOX have seen. As if that wasn’t all, Nifty Media shares also dragged 0.13 percent lower.
As for the movie, Brahmastra which has been in the works for a while, released yesterday on 8,913 screens, India – 5019; Overseas – 3894 still counting. The film is expected to be one of the biggest backers this year, but the film witnessed a good flow of prebookings, but the lackluster reviews have negatively impacted the film’s overall business prospects.
More pages: Brahmastra – Part One: Shiva Box Office Collection, Brahmastra – Part One: Shiva Movie Review
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