Multibagger penny stock below Rs 40: This micro-cap company collaborates with Amazon Originals!

The stock gave multibagger returns of 180 per cent in 3 years.

Pritish Nandy Communications Ltd announces the completion schedule of principal photography of its forthcoming new Amazon Original, a young adult drama series set on a university campus. The show has an impressive cast of young as well as reputed and popular actors.

Last year saw the release of PNC's two successful Amazon Originals, “Modern Love Mumbai” featuring six films directed by six well-known directors and Season 3 of the acclaimed International Emmy nominated show “Four More Shots Please”

Pritish Nandy Communications Ltd is a media and entertainment company engaged in the business of production and exploitation of content including cinematographic films, TV serials, digital series, etc. for worldwide exploitation in all formats.

The company has a market cap of Rs 55 and it is almost debt-free. The stock is trading at 0.77 times its book value of Rs 50. The promoters of the company own 54.84 per cent of the shares, with 0.93 per cent owned by DIIs and 44.23 per cent owned by the public.

On Thursday, shares of Pritish Nandy Communications surged 2.36 per cent to Rs 38.68 per share from its previous closing of Rs 37.79. The stock’s 52-week high is Rs 58 and its 52-week low is Rs 29.19.

The stock gave multibagger returns of 180 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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