Ajay Devgn and Tabu-starrer ‘Drishyam 2’ has notched up the second biggest Bollywood opening of the year, after the Hindi dubbed version of ‘Kantara’ collected Rs 80-90 crore. What does this mean for the industry?
Footfalls for PVR and Inox likely dropped 30-40 per cent quarter-on-quarter (QoQ), said analysts adding that average ticket price and spending per head on food and beverages also likely declined sequentially.
Shares of PVR gained as much as 4.06 per cent or Rs 74.45 to trade at Rs 1,908.60. During intra-day trades, the shares hit a high of Rs 1,926.20. Inox Leisure saw its shares surge more than 4.5 per cent or Rs 22.55 to trade at Rs 516.95.
Merged entity likely to ramp up distribution and food & beverage businesses as well to ring fence from the risks of remaining only a pure-play movie exhibitor