5:1 stock split announced after 6 years & FIIs increase stake: Penny stock under Rs 30 down 74 per cent from 52-week high; Know split record date inside!
The shares of the company have a PE of 30x, an ROE of 4 per cent and an ROCE of 5 per cent.
On Wednesday, shares of Thinkink Picturez Limited gained 1.90 per cent to Rs 26.87 per share from its previous closing of Rs 26.37 with an intraday high of Rs 26.87 and an intraday low of Rs 25.85. The stock is down by 74 per cent from its 52-week high of Rs 103.10 per share. The company's shares saw a spurt in volume by more than 2.41 times on BSE.
The company has fixed Monday, August 05, 2024, as the Record Date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 equity share of the face value of Rs 5 each fully paid up to into 5 equity shares of the face value of Re 1 each is fully paid up.
Established in 2008, Thinkink Picturez is a prominent player in Indian media and entertainment, specialising in creating unique and diverse content across film, TV shows, and web series. Their comprehensive services encompass the entire film production process, from script selection and financing to post-production, while also offering script development, TV production, and web series ventures. Backed by successful projects like "Janhit Mein Jaari" and the "Dream Girl" franchise, their collaborative spirit and commitment to engaging content have cemented their position in the evolving Indian media landscape.
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The company has a market cap of Rs 79.61 crore and the company has a very less debt of Rs 0.66 crore constituting less than 1 per cent of its market cap. As of June 2024, foreign institutional investors (FIIs) increased their stake to 2.55 per cent compared to 0.60 per cent in March 2024. The shares of the company have a PE of 30x, an ROE of 4 per cent and an ROCE of 5 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
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