1. Balaji Telefilms surges over 3 per cent as Udta Punjab releases

Balaji Telefilms surges over 3 per cent as Udta Punjab releases

Balaji Telefilms stocks surged over 3 per cent on Friday after company's subsidiary Balaji Motion Pictures' controversial movie Udta Punjab released as per schedule.

By: | Updated: June 17, 2016 5:31 PM

Udta Punjab - Balaji Telefilms shares

Balaji Telefilms stocks surged over 3 per cent on Friday after company’s subsidiary Balaji Motion Pictures’ controversial movie Udta Punjab released as per schedule.

Balaji Telefilms stocks surged over 3 per cent on Friday after company’s subsidiary Balaji Motion Pictures’ controversial movie Udta Punjab released as per schedule. The movie was released after Supreme Court refused to entertain the plea of an NGO seeking stay on the release of the film ‘Udta Punjab’ and asked it to approach the Punjab and Haryana High Court which is seized of the matter.

At 9.51 am, shares of the company were trading 1.46 per cent up at Rs 118.00. The scrip opened at Rs 119.50 and has touched a high and low of Rs 120.05 and Rs 116.85 respectively, in trade so far. Later, the scrip closed 0.77 per cent up at Rs 115.40.

The Bombay High Court on June 13 had cleared the decks for the release of ‘Udta Punjab’ after ordering deleting of a urination scene and displaying a revised disclaimer as per which the makers would have to delete reference to Pakistan.

The NGO had on Thursday moved the Supreme Court to stall the screening of the film, while another plea by it had prompted the Delhi High Court to direct the producer to modify the promos by adhering to the Bombay High Court order.

The film is produced Balaji Motion Pictures in association with Phantom Films. The Shahid Kapoor, Alia Bhatt, Kareena Kapoor Khan and Diljit Dosanjh starrer delves into how a large number of youth in Punjab have succumbed to drugs.

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