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Journalism of Courage
The euphoria created by Salman Khan-starrer Dabangg at the box-office has lifted the shares of Shree Ashtavinayak Cine Vision,the co-producer of the movie,which soared over 8 per cent on the Bombay Stock Exchange on Tuesday.
The company had made a strong opening on the BSE today and settled at Rs 25.50,reflecting a gain of 8.28 per cent.
During the session,the stock had climbed nearly 10 per cent to touch a month high of Rs 25.90.
“The Salman factor has helped the stock,witness a handsome gain. The movie is breaking records at the box-office,which is mirroring in the stock movement,” SMC Capitals Equity Head Jagannadham Thunuguntla said.
‘Dabangg’,which stars actor Shatrughan Sinha’s daughter Sonakshi Sinha also features Sonu Sood,Vinod Khanna and Dimple Kapadia,was made with a budget of Rs 18-crore and was reportedly sold to distributors for Rs 40 crore.
The movie has created a record by earning a revenue of Rs 47 crore,which is whopping Rs six crore more than Aamir Khan’s 3 Idiots which collected Rs 41 crore in the opening weekend.
The company has also given hits like Jab We Met,Golmaal Returns in the past.
