Penny stock under Rs 10: This micro-cap company collaborates with SMW Global to conduct the Skyfair Gulf T20i Championship!

Penny stock under Rs 10: This micro-cap company collaborates with SMW Global to conduct the Skyfair Gulf T20i Championship!

Kiran Shroff
/ Categories: Trending, Penny Stocks

Skyfair Gulf T20i Championships are to be held from September 15, 2023 to September 23, 2023 in Doha.

Toyam Sports Limited informed the Qatar Cricket Association of the launch of the inaugural edition of the Skyfair Gulf T20i Championship as under:

Skyfair Gulf T20i Championships are to be held from September 15, 2023 to September 23, 2023 in Doha.

With Cricket growing tremendously in the Middle East, the Qatar Cricket Association is all set to host the inaugural edition of the Skyfair Gulf T20i Championship - in Doha, from September 15, 2023 to September 23, 2023. Through many such events, Qatar aims to showcase itself as one of the finest destinations to host international Cricket. UAE, Oman, Kuwait, Bahrain, Saudi Arabia & the hosts Qatar will fight it out over 16 matches at the “West End International Stadium” in Doha to be crowned the T20 Gulf champion.

SMW Global and Pacific Star Sports (a 51 per cent subsidiary of Toyam Sports Limited) have collaborated to execute this event. Toyam Sports Ltd., listed on Indian bourses, is a company run passionately by sports enthusiasts to produce, promote and manage sporting events.

Mr Mohamedali Budhwani – CMD of Toyam Sports Ltd said “The Middle East is a hotbed for many sports, cricket being amongst the most popular of them. With the event being broadcast live to over 9 countries and also streamed live on YouTube and other platforms, we anticipate huge viewership and ensure a fantastic experience.

Mr Azhan Ahsan – Executive Director of SMW Global said, “The tournament will be a great cricketing spectacle for global audiences, providing top-notch entertainment, fuelled by world-class production values.”

Toyam Industries Ltd was incorporated in 1985. The company operates in the commodity business, finance business, restaurant business & event business. The registered office of the company is in Mumbai.

Today, shares of TSS plunged 3.02 per cent to Rs 8.66 per share from its previous closing of Rs 8.93 per share. The company has a market cap of over Rs 500 crore.

The stock gave multibagger returns of over 200 per cent in just 2 years. Investors should keep an eye on this micro-cap stock.

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

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

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