Debt-Free Penny Stock Under Rs 2 Jumps 16.9 Per Cent After Partnering with Saudi Arabia Cricket Federation for Saudi Foundation Day Cup 2025
The stock is up by 28.1 per cent from its 52-week low of Rs 1.46 per share and saw a spurt in volume by more than 2 times on BSE.
On Tuesday, shares of Toyam Sports Ltd jumped 16.9 per cent to Rs 1.87 per share from its intraday low of Rs 1.60 per share. The stock’s 52-week high is Rs 6.84 per share while its 52-week low of Rs 1.46 per share. The stock is up by 28.1 per cent from its 52-week low of Rs 1.46 per share and saw a spurt in volume by more than 2 times on BSE.
Toyam Sports Limited, via its subsidiary Pacific Star Sports, has partnered with the Saudi Arabian Cricket Federation (SACF) and the Eastern Province Cricket Association to launch the inaugural Saudi Foundation Day Cup 2025. This landmark domestic T20 cricket tournament, a first for Saudi Arabia, will be held from February 14th to 22nd, 2025, at the Tamimi Cricket Ground in Dammam. The tournament features eight domestic teams competing in 19 matches and will be streamed live on FANCODE, a popular sports OTT platform.
This initiative celebrates the growing popularity of cricket in Saudi Arabia and aims to establish the Kingdom as a prominent centre for cricketing talent and entertainment. The Saudi Foundation Day Cup 2025 seeks to nurture local players, unite communities, and leave a lasting legacy of sporting excellence, further solidifying Saudi Arabia's presence on the international cricket stage. Organizers believe this tournament is a significant opportunity to showcase the nation's passion for the sport and inspire future generations of cricketers.
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About Toyam Sports Ltd (TSL)
Toyam Sports Limited (TSL) is a pioneering sports company listed on the BSE & MSEI. Committed to the development and promotion of sports, TSL has a diverse portfolio that includes cricket, tennis and Mixed Martial Arts (MMA). TSL continues to push the boundaries of sports entertainment and management globally.
The company’s 0.15 per cent stake is owned by FIIs, the Government of India owns 18.52 per cent and the remaining 81.33 per cent stake is owned by the public as of December 2024. The company has a market cap of over Rs 100 crore and as of September 2024, it is debt-free. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.