Penny stock under Rs 7: This micro-cap company announces partnership with World Championship of Legends & roped in ITW Sports as league consultants; details inside!
The stock is up by 33 per cent from its 52-week low and down by 65 per cent from its 52-week high.
Toyam Sports Limited (TSL), India's sole BSE-listed sports company, unveiled its partnership with the World Championship of Legends (WCL) through its subsidiary, Pacific Star Sports (PSS). This noteworthy partnership signifies TSL's substantial investment in the upcoming T20 cricket league, scheduled to take place at Edgbaston, United Kingdom, from July 3, 2023 to July 13, 2024.
WCL, approved by the England and Wales Cricket Board (ECB), is a creation of Zabawa Entertainment, a distinguished Bollywood film and music production company with roots in India and Dubai. Boasting an impressive line-up, the league will feature legendary cricket players from yesteryear, including iconic figures such as Yuvraj Singh, Kevin Pietersen, Shahid Afridi, Chris Gayle, Harbhajan Singh, Suresh Raina, Bret Lee and many more.
Adding to the star-studded ensemble, Bollywood superstar Ajay Devgn joins as the co-owner of WCL, bringing his support and enthusiasm to this extraordinary cricketing spectacle. The tournament's presentation will be spearheaded by Indian travel company EaseMyTrip.
The inaugural edition of WCL promises to be a global T20 extravaganza, showcasing players from cricket powerhouses India, Australia, England, Pakistan, South Africa, and West Indies. With legendary ex-cricketers and currently non-contracted players participating, the league aims to provide fans with a thrilling experience filled with nostalgia.
Toyam Sports Limited (TSL), the sole sports-focused public company on Indian exchanges, actively produces, promotes, and manages events across MMA, Cricket, and Tennis. Their Kumite 1 League dominates India's MMA scene, while their reality show "Kumite 1 Warrior Hunt" garnered massive success in 2023. Beyond MMA, TSL sponsored the 2022 India vs Bangladesh ODI series and, through their subsidiary, owned a team in the 2023 World Tennis League, showcasing their commitment to diverse athletic pursuits both domestically and internationally.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Today, shares of Toyam Sports Ltd plunged 1.44 per cent to Rs 6.16 per share from its previous closing of Rs 6.25 with an intraday high of Rs 6.45 and an intraday low of Rs 6.06. The stock’s 52-week high is Rs 19.45 while its 52-week low of Rs 4.65.
The abrupt surge in the stock price can be attributed to the company's announcement of outstanding Quarterly Results (Q3FY24) and nine-month results (9MFY24) for the fiscal year 2024. Here are the specifics: In the quarterly results, net sales soared by 915 per cent to Rs 19.68 crore, and net profit surged by 370 per cent to Rs 5.64 crore in Q3FY24 compared to Q2FY23. The company witnessed a remarkable turnaround, with net sales increasing by 234 times in Q3FY24 over Q3FY23 and reported a net profit of Rs 5.64 crore in Q3FY24, contrasting with a net loss of Rs 8.88 crore in Q3FY23.
In its nine-month results, net sales surged by 811 per cent to Rs 24.66 crore in 9MFY24, compared to Rs 2.71 crore in 9MFY23, while it recorded a net profit of Rs 6.36 crore in 9MFY24, up from a net loss of Rs 8.73 crore in 9MFY23, representing a 173 per cent increase.
The company’s only 0.33 per cent stake is owned by FIIs and the remaining 99.68 per cent stake is owned by the public as of December 31, 2023. The company has very little debt with only Rs 0.79 crore in current debt. The company has a market cap of Rs 348 crore. The stock is up by 33 per cent from its 52-week low and down by 65 per cent from its 52-week high.
Disclaimer: The article is for informational purposes only and not investment advice.
For more such updates on the go, Click here to join our WhatsApp Channel
Related articles
-
Penny stock under Rs 7: Dubai-based Meteora Developers with co-owner Jacqueline Fernandez, acquires England Champions cricket team; details inside!
-
Heavy Buying: Penny stock below Rs 10 hit the upper circuit on February 20; Reported a turnaround story in Q3FY24
-
Turnaround story in this penny stock at Rs 6: This micro-cap company reports a 370 per cent jump in net profit to Rs 5.64 crore
-
Penny stock under Rs 10: Suniel Shetty is announced as brand ambassador for this micro-cap company; Cheers on TSL Hawks in Abu Dhabi – know more here!
-
Penny stock under Rs 10: This micro-cap company proudly unveils Gulf Land as the title sponsor of TSL Hawks for The World Tennis League (WTL) – know more here!
-
Penny stock under Rs 5: This micro-cap company’s wins best sports web series award at Kenya International Sports Film Festival 2023!
-
Penny stock below Rs 20: This small-cap IT company partners with Karnataka Bank!
-
Multibagger penny stock under Rs 10 hit upper circuit as its sports web series gets selected for Kenya International Sports Film Festival!
-
Penny stock under Rs 10 announces fund raise plan worth Rs 50,00,00,000 via rights issue!
-
Penny stock under Rs 30: This micro-cap company inks a strategic partnership with FUJIFILM for India!
-
Penny stocks under Rs 100: SMC enters into partnership with this small-cap bank to offer 3-in-1 accounts to its 76,00,000 customers!
-
Penny stock under Rs 10: This micro-cap company collaborates with SMW Global to conduct the Skyfair Gulf T20i Championship!
-
1,000 per cent returns: Multibagger penny stock under Rs 50 hit 20 per cent upper circuit as the company forms strategic partnership with InsureMO!
-
Multibagger penny stock at Rs 42 with 1,800 per cent returns: This micro-cap company imports new high-tech machinery worth Rs 1 crore to boost production and enter new markets
-
Turnaround story in this debt-free penny stock at Rs 3.59; Revenue jumps 724 per cent and PAT zooms 169 per cent; details inside!
-
From Rs 0.23 to Rs 2.27 per share in just 3 years & Stock Split from Rs 10 to 1 done last year: Multibagger penny stock gains over 4 per cent on July 11; do you own it?
-
Multibagger penny stock at Rs 50 & FIIs bought 6 per cent stake: Board allocates 1,18,13,340 equity shares to promoters on conversion of warrants!
-
LIC-backed multibagger penny stock at Rs 3.89 - Board announces rights issue in the ratio 20:119; Check price, record date and eligibility
-
2:1 bonus share; 10:1 stock split: Multibagger penny stock at Rs 1.67 in green as it partners with FinTech – details inside!
-
LIC-backed penny stock under Rs 60: This micro-cap company enters into an MOU with Biogenix Inc Pvt Ltd