Eros International Media gained 2.6 per cent on Wednesday.
Traders expect Eros shares to benefits after rival Shemaroo Entertainment Pvt’s IPO is seen pricing at higher multiples.
Shemaroo’s $19.67 million IPO is seen priced at 15-17 times of FY14 earnings, traders said.
Eros traded at 9.2 times its 12-month forward earnings.
