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Stocks of companies associated with Bollywood actor Salman Khan – Eros International and Mandhana Industries – are trading mixed in morning deals ahead of his bail plea in the 2002 car crash hearing in the High Court later in the day today.
On Wednesday, Salman Khan was found guilty of culpable homicide in the 2002 hit-and-run case by a Mumbai sessions court and sentenced to a five-year jail term. However, he was given two-day interim bail by the Bombay High Court, which ends on Friday.
According to reports, nearly Rs 350 crore is riding on the Salma Khan in terms of films and several brand endorsements.
While Eros International, is the distribution partner for the film Bajrangi Bhaijaan slated for release during Eid later this year, gained 3% in trade on Friday on the National Stock Exchange (NSE) to Rs 398 levels.
Mandhana Industries, on the other hand, lost over 2% to Rs 250 levels ahead of the verdict. The company manufactures and retails the Being Human apparel brand, named after the Salman Khan’s Being Human Foundation.
Since Wednesday when the actor was found guilty, while Mandhana Industries has lost around 8%, Eros International has slipped nearly 3%.
Salman Khan's other business interests include a 5% stake in Yatra, an online travel company. Besides, he also endorses brands like Thums Up, History Channel, Hindustan Unilever’s (HUL) laundry detergent Wheel, Astral Poly Technik and Britannia’s Tiger biscuits.
