Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; hits fresh 52-week high!

In Q4FY23, the company reported a 978.93 per cent increase in net sales YoY.

Shares of Panorama Studios International Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock also made a fresh 52 week high of Rs 255.45. In the last one month, the stock has gained about 40 per cent.

Panorama Studios International Limited has also delivered multibagger returns to its shareholders in the last one year of about 200 per cent in one-year holding period. And on five-year basis, the stock has gained about 1700 per cent.   

Earlier, the company and Ajay Devgn Ffilms LLP has been entered into an agreement with Reliance Industries Ltd through its media and entertainment division Jio Studios for producing a movie, which will be jointly produced by Panorama Studios International Limited, Ajay Devgn Ffilms LLP and Reliance Industries Ltd. through its media and entertainment division Jio Studios.

Panorama Studios International Limited is engaged in the Indian media and entertainment industry and is primarily engaged in the business of production and distribution of Media Entertainment & Content.

The company posted impressive Quarterly Results. The revenue of the company in the recent quarter (Q4FY23) stood at Rs 58.73 crore which grew by 978.93 per cent YoY. The operating profit of the company stood at Rs 9.84 crore, while the PAT of the company stood at Rs 4.35 crore, representing an impressive growth of 132.55 per cent YoY. The stock has shown tremendous growth, and investors should keep a close eye on this stock.