6th May, 2015 7:18pm
National Comments
Salman's Verdict Effects Indian Stocks,Salman's Verdict,Indian Stocks,salman Khan,Eros,India,Mandhana
With Bollywood hero Salman Khan's arrest, the share market had it's own share of pressure too. The shares of companies like Eros and Mandhana have faced some intense selling pressure as soon as Salman was convicted by the court in hit-and-run case. The court's verdict against Salman had an immediate effect on both the companies as they are the two brands associated with the super star.
By the end of trading session on Tuesday, Eros scrip has plunged by 5.66% and closed at 381 rupees. On the other hand, Mandhana Industries has moved down by 4.74% and ended the day at 263 rupees. While Eros has a two-film contract with Salman, Mandhana has selected Salman to endorse their brand "Being Human."
The five year imprisonment of Salman will be having a serious effect on few of the Bollywood projects and related production houses. All said and done, they might have known this risk factor before signing him up and have their own backup measures by now.
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