Multibagger Penny Stock at Rs 69.85: This Gaming Company Leverages Next-Generation AI Technologies in Game Development
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 22.05 per share.
7Seas Entertainment Limited (BSE:7SEASL), India's first Independent Gaming Development company has taken a significant step forward by establishing a dedicated AI division to enhance its game development capabilities. This new division, named 7SEAS AI, will steer the design of an AI-based gaming tool from the ground up. With a team of exceptionally talented individuals, 7SEAS AI has already commenced its work, focusing on integrating AI technologies into game development.
This strategic move is expected to significantly enhance the productivity and quality of game development, enabling 7Seas to deliver a higher volume of top-tier games to a global audience more efficiently. Integrating AI into game development will streamline the entire process, from the initial game concept to the final creation. With these advanced technologies, 7Seas achieves remarkable outcomes in a shorter time frame, reducing the man-hours required and simplifying the overall workflow.
Commenting on the announcement, Mr L. Maruti Sanker, CEO of 7Seas Entertainment Limited, said, "According to Sain & Company, gaming industry executives believe that over the next to 10 years, AI will contribute to more than half of the video game development process. At 7Seas, we are excited to be at the forefront of this transformation, leveraging AJ to enhance our creative capabilities and deliver exceptional gaming experiences."
In addition to integrating AI into game development, 7Seas is also focused on developing a comprehensive AI gaming tool. This innovative software platform will include features such as image creation, asset generation, graphic generation, and animation generation. Initially, this tool will be used exclusively for the company's game development projects. However, 7Seas plans to monetize the AI tool by out-licensing it to other users, generating additional revenue through royalty payments.
Also Read: 3:1 Bonus Share: Suzlon’s peer company turns debt-free with infusion of Rs 900 crore by promoter; details inside
About the company
7Seas Entertainment, founded in 2006, is a leading Indian game developer creating games for mobile, online, and PC platforms. They cater to a wide audience with over 650 games across various genres including puzzle, action, racing, and sports. They have developed award-winning titles like Mouze-Maze and Alexia the Gratis, and their games are distributed through partnerships with global operators and portals.
Share Performance
Today, shares of 7Seas Entertainment Limited hit a 5 per cent upper circuit to Rs 69.85 per share from its previous closing of Rs 66.53. The stock also made a fresh new 52-week high of Rs 69.85 per share. The company has a market cap of over Rs 130 crore. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 22.05 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Penny stock at Rs 63: This cable manufacturer bags new order worth Rs 5,55,54,400 from Sham Electropower Pvt Ltd
-
DIIs-backed multibagger penny stock under Rs 20: This civil construction company is into expansion of business; details inside!
-
4:1 bonus share & Rs 500 crore fundraise via QIP: FIIs bought 4,07,740 shares of this multibagger penny stock under Rs 40; Keep under the radar!
-
80 per cent from its 52-week low of Rs 14.28: Heavy buying in this textile stock at Rs 25.89; Gains over 17 per cent with spurt in volume
-
90 per cent returns from its 52-week low: Only buyers in this penny stock at Rs 1.87 per share; hit the upper circuit on July 01
-
Heavy buying in this penny stock at Rs 2.58: Hit upper circuit on July 01, 2024
-
Multibagger penny stock at Rs 26.88 hit back-to-back upper circuits after the company successfully agreed with ABC Australia
-
200 per cent multibagger returns from its 52-week low of Rs 20.35: Company unveils plans for growth; share capital increase and equity offering!
-
Penny stock under Rs 25: This micro-cap company has undertaken a strategic initiative to expand its business operations in Union Territory of Jammu & Kashmir
-
58 per cent from its 52-week low & Promoters increase stake: Heavy buying in this logistics solution provider stock under Rs 10; Scrip gains over 7 per cent
-
3:1 bonus share: Multibagger pharma products stock under Rs 80 in green as company bags order worth Rs 175,00,00,000 from Aster Biotech Limited, UK
-
Penny stock under Rs 80: This facade system company bags new order worth Rs 9,29,25,000 from Shakuntla Educational & Welfare Society
-
Multibagger penny stock under Rs 40; Board likely to announces bonus shares
-
Stock surge over 9 per cent & 2 times spurt in volume: Heavy buying witnessed in this fertilisers & agrochemicals stock under Rs 70; do you own it?
-
100 per cent publicly owned company & multibagger penny stock below Rs 5; Board allocates 1,35,00,000 equity shares on conversion of warrants to non-promoters!
-
Multibagger penny stock at Rs 2.09 hit 10 per cent upper circuit: Board announces 12:29 rights issue; Check the revised record date inside!
-
Penny stock under Rs 10: This animal feed company signs MoU with Avalon Energy Group LLC, USA
-
Penny stock under Rs 7 & Promoters sold 19.97 per cent stake; Board likely to announce bonus shares!
-
Penny stock at Rs 5.04 and promoters & FIIs increase stake: This small-cap company plan support agreement for the acquisition of 100 per cent of the equity of Ebix Inc
-
10:1 Stock Split: Heavy buying multibagger penny stock below Rs 15 zooms 9.56 per cent in just 1 day; PAT zooms over 150 per cent; watch out!