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Indian stock market is not only dominated by manufacturing or IT companies, but big companies from the world of glamor i.e. Bollywood and entertainment industry are also listed. From Balaji Telefilms to Zee Entertainment and PVR Inox, these are the names that become the source of entertainment in everyday life. But how were these companies for investors? Today we will tell you which of these stocks proved to be ‘multibagger’ and which ones gave huge disappointment to the investors.
Saregama India: The real player of multibagger returns
‘Saregama India’ has performed best so far in the race of entertainment stocks. The market cap of this company in the world of film production and music is around Rs 9,481 crore. Currently its share price is around Rs 492. If we talk about the past track record, in 2021 this stock had made investors rich by giving bumper returns of more than 500% in just one year. This year also the company has managed to give returns of around 40%, which makes it the strongest player in this sector.
PVR Inox and Zee Entertainment: Bad condition of giants
Some big entertainment companies listed in the market have badly disappointed investors. The share price of the country’s largest cinema chain ‘PVR Inox’ is around Rs 987, but this share has been continuously giving negative returns for the last 4 years. At the same time, the condition of broadcasting and production giant ‘Zee Entertainment’ is even worse. This share, which touched the level of Rs 600, has fallen to around Rs 104 today. This is a big lesson for investors that having a glamorous brand does not always mean good returns.
Balaji Telefilms and Shemaroo: The story of small stocks
The market cap of Ekta Kapoor’s company ‘Balaji Telefilms’ is around Rs 1,088 crore and its shares are trading at Rs 89, but it has not excited the investors much in terms of returns. Similarly, ‘Shemaroo Entertainment’ has also been struggling for a long time. Today it is trading around Rs 125 after breaking the high of Rs 450. Apart from this, many stocks like Tips Films, Sun TV, Mukta Arts and Eros International are also present in the market, whose performance has been up and down in different periods.
Is it safe to invest in Bollywood stocks?
Stock market experts believe that investment in media and entertainment sector is quite risky. The earnings of these companies depend on the hit or flop of the film, demand for content and changing technology. While stocks like Saregama have won a long race on the strength of their music library, theaters and broadcasting companies are facing tough challenges in the era of OTT platforms. Investors are advised to look at the fundamentals of the company and their stake in digital content before investing money in any Bollywood stock.
