Multibagger penny stock under Rs 15 with 470 per cent returns; Board announces stock split!

The stock gave multibagger returns of 125 per cent in just 1 year, 245 per cent in 2 years and a whopping 470 per cent in 3 years.

Teamo Productions HQ Limited (formerly GI Engineering Solutions Limited) has expanded its business to include film production, distribution, and allied businesses. This includes developing, producing, distributing, marketing, and financing commercial feature films, as well as animation, graphics, CGI movies, AI-powered feature films, OTT films, cine films, talkie films, telefilms, advertising films, documentaries, TV serials, music production, and music composition. The company's business activities are carried out in India and abroad.

Today, the company determines the eligibility of shareholders for the purpose of sub-division/stock split of each equity share and preference share having a face value of Rs 10 each into 10 equity shares and preference shares, respectively, having a face value of Re 1 each. The company fixed the record date Thursday, December 14, 2023.

On Friday, shares of Teamo Productions HQ Ltd surged 0.93 per cent to Rs 10.80 per share with an intraday high of Rs 10.96 and an intraday low of Rs 10.65. The stock’s 52-week high is Rs 38.28 and its 52-week low is Rs 4.78. The company has a market cap of Rs 97.05 crore.

The company has a market cap of Rs 93 crore. The stock is trading at 1.09 times its book value. According to the Quarterly Results, net sales increased by 362.7 per cent to Rs 120.35 crore and net profit increased by 112 per cent to Rs 0.28 crore in Q2FY24 compared to Q2FY23. In its annual results, net sales increased by 7,640 times to Rs 840.39 crore and net profit increased by 288 times per cent to Rs 0.28 crore in FY23 compared to FY22.

The stock gave multibagger returns of 125 per cent in just 1 year, 245 per cent in 2 years and a whopping 470 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.