This Article is From Aug 07, 2015

Bajrangi Bhaijaan Nets Rs 500 Crore; Eros Shares Surge 60% This Year

Bajrangi Bhaijaan Nets Rs 500 Crore; Eros Shares Surge 60% This Year

Salman Khan's Bajrangi Bhaijaan is now the biggest Bollywood grosser of this year

Bajrangi Bhaijaan has grossed Rs 500 crore worldwide in record number of days, according to Eros International, the global distributor of the Salman Khan-starrer hit. The film has earned over Rs 300 crore in domestic markets and is now Bollywood's highest grosser of 2015, Eros added.

Released on July 17, Bajrangi Bhaijaan has had a roaring run at the box office so far. It crossed Rs 100 crore in revenues in the opening weekend, a record for a Bollywood movie. Bajrangi Bhaijaan crossed the Rs 150 crore milestone in just five days, according to Eros.

The film has also cornered the record for highest one-day collection with a net of Rs. 38.75 crore on Day 3 (July 19), according to available data.

Bajrangi Bhaijaan has also performed well in the overseas market - it has become the highest-grossing Hindi film in the UAE, while in the UK, it has broken into the "top 10 chart".

2015 has proved to be a good year for Eros, which had earlier made and distributed hit films such as Tanu Weds Manu Returns and NH10. The success of Bajrangi Bhaijaan has lifted Eros International shares too, analysts say.

Year-to-date, Eros has outperformed the markets, rising close to 60 per cent.

"The movie was made at a cost of Rs 90 crore and should result in a 50 per cent return on investment for Eros," said brokerage Maybank in a report on Friday.

Maybank has a "buy" call on Eros with a target price of Rs 645.

Eros will come out with its first-quarter earnings on 13 August and is holding a call on 17 August.

Eros International shares ended 3 per cent lower on Friday as compared to a 0.28 per cent loss in Nifty.