Multibagger in just 1 year: This film-making company announces May 3 as the release day for The Sabarmati Report film
The stock gave multibagger returns of over 195 per cent in just 1 year whereas BSE Sensex Index is up by 23 per cent.
Balaji Telefilms Ltd is a diversified entertainment company with over 25 years of experience. They produce television shows, movies, and digital content, with a strong presence in the Indian market. While television remains their largest revenue source, their digital platform, Alt Balaji, is growing rapidly. The company is focusing on maintaining a healthy balance sheet and building strategic partnerships to achieve sustainable growth.
The upcoming film "The Sabarmati Report" pays tribute to the victims of the tragic Godhra train burning incident that occurred on February 27th, 2002, where 59 lives were lost. Set to release in theatres on May 3, 2024, the film promises a captivating narrative around the events that unfolded that fateful morning near the Godhra station in Gujarat, India. The makers have released a thought-provoking video honouring the lives lost in this heart-breaking event, further piquing the audience's interest in the film's exploration of this sensitive historical event. The movie, produced by Balaji Motion Pictures and Vikir Films Production, stars Vikrant Massey, Raashii Khanna, and Ridhi Dogra and is directed by Ranjan Chandel.
Today, the shares of Balaji Telefilms Ltd plunged 5,42 per cent to Rs 124.25 per share from its previous closing of Rs 131.39 per share with a total quantity traded over 7 lakh shares traded (BSE & NSE). The stock traded at an intraday high of Rs 130.98 and an intraday low of Rs 123.10.
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The company's board approved the allotment of up to 238,839,300 warrants, each convertible into one equity shares with a face value of Rs 2, to the "Proposed Allottees" for a total of Rs 2,140,000,128 through a preferential issue. In the allotment, the promoter Ms Ekta Ravi Kapoor bought 50,000,000 shares and FIIs bought a total of 188,839,300 shares.
While Balaji Telefilms Ltd's subsidiary Balaji Motion Pictures unveiled the intriguing new release date of April 19, 2024, for their highly anticipated sequel "Love, Sex aur Dhokha 2" through a thought-provoking motion poster, the company also launched the teaser for another movie, "CREW," which garnered over 1 crore views and a trending spot (#3) online within just 24 hours. Both developments point towards an exciting slate for the production house.
The company has a market cap of over Rs 1,400 crore. The stock gave multibagger returns of over 195 per cent in just 1 year whereas BSE Sensex Index is up by 23 per cent. Investors should keep an eye on this film-making stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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