Multibagger penny stock under Rs 2: This micro-cap company plans to venture into the media finance business; scrip hit upper circuit!

Multibagger penny stock under Rs 2: This micro-cap company plans to venture into the media finance business; scrip hit upper circuit!

Kiran Shroff

The stock gave multibagger returns of 248.39 per cent in 2 years, 980 per cent in 3 years and over 1,250 per cent returns in 5 years.

Visagar Financial Services Ltd announced its strategic decision to expand its portfolio into the media finance business. Leveraging its expertise in financial services and recognizing the immense potential in the mass-consumed media and entertainment sector, the company aims to become a niche player in the media finance category.

Visagar Financial Services Ltd is uniquely positioned to explore synergies with its sister concern and associated media companies. By pooling resources, knowledge, and networks, the company aims to create a comprehensive and seamless financial ecosystem catering to the specific requirements of media & entertainment clients.

Customized Solutions: In its foray into the media finance domain, the company aims to offer tailored financing solutions to producers on a case-by-case basis. The company plans to collaborate closely with filmmakers to structure finance packages that align with their project's specific needs and financial objectives.

The company recognizes the significance of fostering partnerships with vital stakeholders in the film industry. To ensure the success of the client’s projects, the company plans to actively explore collaborations with various agencies, including production houses, post-production studios, distributors, OTT platforms, and other entities involved in the filmmaking process. These strategic partnerships shall facilitate the seamless execution and promotion of films/web series while ensuring optimal financial returns for all stakeholders.

 Mr. Tilokchand Kothari, Director of Visagar Financial Services Ltd, expressed his thoughts on this new venture, stating, "Media is one of the most mass-consumed commodities. We are excited to step into the media finance space and support the vibrant film industry. With our strong financial background and experience in the media industry, we are confident in providing producers with the right financial backing to bring their creative visions to life. "

Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now

On Monday, one of the Top Gainers on BSE, shares of Visagar Financial Services Ltd jumped 5 per cent upper circuit to Rs 1.08 per share from its previous closing of Rs 1.03. The stock’s 52-week high is 1.49 and its 52-week low of Rs 0.61

The stock gave multibagger returns of 248.39 per cent in 2 years, 980 per cent in 3 years and over 1,250 per cent returns in 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

Previous Article Promoter shareholding of this microcap company increased by 89 per cent. Do you own it?
Next Article This Microcap Solar Panel Manufacturer has generated multibagger 529 per cent for its investors. Do you own it?
Rate this article:
3.7

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR