Upper circuit alert: This multibagger small-cap company bags new orders worth Rs 120 crore from Netflix!

The shares of the company have gained more than 190 per cent in the last three months.

On June 28, 2023, Phantom Digital Effects Limited informed in the exchange filing that the company received work from the prestigious OTT Platform “NETFLIX”, which reflects the companies’ efforts to provide client-centric services using the most sophisticated technologies in a time & cost-efficient manner. The revenue and business stemming from this partnership is bound to have a positive impact on our business operations and global expansions.

The work order involves visual effects services on assigned projects, VFX for Project includes Netflix-branded audio-visual content, whether produced directly by Netflix, produced by a PSC, or licensed from a Licensor for exhibition on Netflix OTT. The contract period is for Four years with an extension of further two years upon agreement between parties to complete the project. The order is worth Rs 120 crores.

Phantom Digital Effects Limited is a Certified Trusted Partner Network (TPN) company, a full-fledged creative VFX studio, based in India with offices operating in US and Canada. As a TPN Certified studio, PhantomFX offers a wide range of VFX services.

With the positive news coming out the shares of Phantom Digital Effects Limited got locked in the upper circuit on Friday, hitting a fresh 52-week high of Rs 455.80. The shares of the company have given multibagger returns of more than 190 per cent in the last three months. The stock has shown tremendous growth, and investors should keep a close eye on this stock.