How much did Dhurandhar earn?
Even though PVR Inox shares closed in the red on Tuesday due to poor overall market sentiment, an increase of 3 percent was seen on Monday. There is only one reason, Ranveer Singh starrer film ‘Dhurandhar’ has a great performance in the second week at the box office. This film, directed by Aditya Dhar, has crossed the Rs 400 crore mark at the domestic box office and has also created a new record for the second Monday collection.
Now the biggest question is whether PVR shares will benefit from this brilliant performance of Dhurandhar. There is a reason for this also. When Gadar 2 was released. Then, within a month of its release, PVR shares had seen a rise of more than 15 percent. However, experts estimate that the company’s shares may see a rise of 15 percent or more.
How is Dhurandhar’s earnings?
According to reports, ‘Dhurandhar’ earned more than Rs 30 crore on the second Monday (11th day), while on Tuesday also this figure was seen to be more than Rs 30 crore. However, Wednesday’s figures have not been revealed yet. The film has collected more than Rs 411 crore. It is expected that the film’s collection may reach Rs 500 crore in the next few weeks. The global target of the film is more than Rs 600 crore.
There may be a rise of 15 percent
Domestic brokerage firm Motilal Oswal Financial Services said that such strong performance in theaters has raised a ray of hope for cinema chains like PVR Inox. Nandish Shah, AVP of PCG Research and Advisory, wealth management division of Motilal Oswal Financial Services, said in an ET report that he is maintaining a ‘neutral’ rating on the stock, but has set a target price of Rs 1,245, which is about 15 per cent higher than Monday’s closing price. This means that the company’s shares may see a rise of more than 15 percent from Tuesday’s closing price.
Stocks rose due to these films
Shah wrote that the future of PVR Inox will depend on the upcoming strong films and occupancy levels. After ‘Chhaava’ and ‘Sayara’, films like ‘Dhurandhar’ crossed the box office collection of Rs 300 crore, which has raised some hopes. He further said that strong content available in different languages, as well as event streaming strategies like ‘Blockbuster Tuesday’ and re-releases can further strengthen performance at the screen level. He also said that PVR management expects the second half performance to be equal to or better than the first half performance. However, the brokerage firm also warned that the business remains sensitive to fluctuations in content quality and occupancy.
Why may shares rise?
He said that PVR’s business is highly dependent on occupancy, which is based on the quality and consistency of the content, and this is a factor which is largely out of the company’s control. While management remains optimistic about the FY26 content pipeline, Motilal Oswal cautioned that even a 200-300 bps decline in occupancy could significantly impact screen-level economics and EBITDA performance, posing a downside risk to their current estimates. Despite the cautious ratings, the positive response to Dhurandhar and the promising film lineup have boosted investor confidence in the near term, showing strength in the stock and potential upside potential.
There was a rise even during Gadar 2
Two years ago when Sunny Deol’s Gadar 2 was released. At that time there was a tremendous increase in the shares of PVR. The film, which was released on August 11, had such a storm at the box office that the speed of PVR shares in the stock market increased like a rocket. On August 10, the company’s share was Rs 1631.15, which reached Rs 1792.05 on the last trading day of August. This means that the shares of the company had increased by about 10 percent. Whereas on 8th September i.e. after about 1 month of the release date, the shares of the company had come to the level of Rs 1879.75. This means that the shares of the company had seen a rise of more than 15.25 percent. This miracle was only due to the performance of Gadar 2, which brought people to the theatres. Because this was the period when the country had just come out of the shadow of Covid.