Bonus shares, stock split and dividend are likely in this multibagger penny stock below Rs 100; gains over 18 per cent in just 1 day!
The stock is up by 61 per cent from its 52-week low and gave multibagger returns of 225 per cent in 3 years.
Thinkink Picturez Limited (Scrip Code: 539310) informed you that a meeting of the Board of Directors of the company is scheduled to be held on Friday, March 01, 2024, at the registered office. The agenda of the Meeting inter alia includes:
1. stock split: The Board will consider a proposal for the sub-division of the company's equity shares of face value of Rs 5 each, subject to the approval of the shareholders and relevant regulatory authorities.
2. bonus Issue: The Board will also consider the issuance of bonus shares to the existing shareholders of the company in a ratio to be determined, subject to necessary approvals. To deliberate on issuing bonus shares to our shareholders, rewarding them for their continued support and increasing the equity base of the company.
3. dividend Declaration: The board will consider declaring a dividend of up to Rs 3 per share, reflecting the company's strong financial performance and commitment to returning value to shareholders.
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Founded in 2008, ThinkInk Picturez Ltd is a multifaceted entertainment company specializing in film and TV production, script development, and creative services. They handle all aspects of production, from concept to distribution, across various platforms like movies, TV shows, and web series. Their diverse portfolio includes hit projects like "Dream Girl" and upcoming ventures with renowned partners like T-Series and Balaji Telefilms.
On Friday, shares of Thinkink Picturez Limited gained 18.9 per cent to an intraday high of Rs 101.40 per share from its previous closing of Rs 85.31. At the closing bell, shares of the company were trading at Rs 97.57 per share, up 14.37 per cent with a spurt in volume by more than 3.36 times on BSE.
The company has a market cap of Rs 289 crore and the stock’s 52-week high is Rs 118.95 & its 52-week low is Rs 62.91. The stock is up by 61 per cent from its 52-week low and gave multibagger returns of 225 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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