5:1 Stock Split Alert: Multibagger Media Entertainment Company Approves Stock Split; Stock Surges Over 220 per cent in Just 6 Months!
The company’s shares have delivered impressive multibagger returns of over 460 per cent to their shareholders.
This Small-Cap entertainment company listed on Indian stock markets has made a noteworthy announcement regarding the stock split or subdivision of the company's stocks.
As per the press release the board has discussed and approved a proposal for the subdivision/stock-split of each existing equity share with a face value of Rs. 10/- (Rupees Ten only) into 5 (Five) equity shares with a face value of Rs. 2/- (Rupee Two Only) each, fully paid-up. Consequently, 1 equity share with a face value of Rs. 10/- will be divided into 5 equity shares with a face value of Rs. 2/- each. This subdivision or stock split of equity shares is subject to approval by the shareholders in a General Meeting of the company. The implementation of this subdivision will consider all shareholder benefits such as dividends or bonuses accordingly.
Panorama Studios International Limited was established in 1980 and operates in the Indian media and entertainment sector. The company's main focus is on producing and distributing media entertainment and content.
Share Performance of Panorama Studios International:
On Tuesday the company's stock is trading at around Rs 893 per share on the BSE, with a market capitalisation of Rs 1192 crore. Additionally, the stock has delivered a multibagger return of around 462 per cent in the past one year.
Financial Performance of Panorama Studios International:
In FY24, Panorama Studios International reported revenue of Rs 440 crore, representing a year-on-year growth of 18 per cent from Rs 371 crore last year. The company posted an operating profit of Rs 61 crore, compared to a profit of Rs 53 crore last year. The company’s net profit stood at Rs 38 crore in FY24, compared to Rs 35 crore in FY23. As per Quarterly Results, in Q4 FY24 the company’s revenue surged by 382 per cent with net profit surging by 600 per cent YoY during the same period.
Investors must keep this small-cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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