200 per cent returns in just 6 months: This multibagger micro-cap company receives order worth Rs 62.5 million and announces business expansion!
The shares of the company have an ROE of 65.4 per cent and a ROCE of 75.1 per cent.
On Friday, shares of Phantom Digital Effects Ltd surged 5 per cent upper circuit to Rs 467.15 per share from its previous closing of Rs 444.95 per share.
The sudden rise in the stock price is due to the company informing the exchange (NSE Scrip Code: PHANTOMFX) that it received an order and announced business expansion: Here are the details:
Order Update: Phantom Digital Effects Limited (PDEL), a TPN Certified Company, is a crea2ve VFX service provider, providing high-end visual effects solutions, anima2ons, concept art, previz, and VFX supervision for commercials, feature films, and web series globally, through its VFX studios based in India, and marke2ng teams based in USA, Canada, and United Kingdom has secured landmark Rs 62.5 million. VFX service contract from a valued vendor.
Business Expansion: The company announced the expansion of its Chennai Studio space by an impressive 13,200 sq. ft. bringing the total space to 35,000 sq. Ft in Chennai. This expansion reflects the company’s commitment to meet the increasing demand for projects and to foster a conducive environment for creativity and innovation. This expansion will increase seating capacity to accommodate 180 more employees, bringing the total number of seats to 590 in Chennai, and 830 in total across Chennai, Mumbai, and Hyderabad. This is in line with The Company’s objective to reach 1,000 employees, allowing PDEL to meet the growing demand for its services.
The company has a market cap of over Rs 500 crore and reported excellent numbers in its Quarterly Results and annual results. The shares of the company have an ROE of 65.4 per cent and a ROCE of 75.1 per cent.
The stock gave multibagger returns of over 200 per cent in just 6 months. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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