48 per cent from its 52-week low: Debt-free multibagger penny stock under Rs 5 hit upper circuit as PAT jumps over 400 per cent
The stock is up by 48 per cent from its 52-week low of Re 1 per share and gave multibagger returns of 890 per cent in 5 years.
Today, shares of Teamo Productions HQ Ltd hit a 5 per cent upper circuit to an intraday high of Rs 1.48 per share from its previous closing of Rs 1.41. The stock’s 52-week high is Rs 1.87 and its 52-week low is Re 1. The company has a market cap of Rs 139.30 crore and working capital requirements have been reduced from 4,804 days to 40.6 days. The stock is up by 48 per cent from its 52-week low of Re 1 per share and gave multibagger returns of 890 per cent in 5 years. The company is debt-free.
According to Quarterly Results, the net sales increased by 21 per cent to Rs 145.55 crore and net profit skyrocketed by 435 per cent to Rs 1.50 crore in Q2FY25 over Q2FY24. In its half-yearly results, the net sales increased by 22 per cent to Rs 259.61 crore and net profit skyrocketed by 143 per cent to Rs 2.97 crore in H1FY25 over H1FY24. The company reported revenue from operations of Rs 457.96 crore in FY24 vs Rs 830.38 crore in FY23. The net profit increased by 69.4 per cent to Rs 4.88 crore in FY24 compared to Rs 2.88 crore in FY23.
Earlier, TPHQ announced an international collaboration, "Defiant," a film to be directed by renowned Australian filmmaker Bill Bennett. This marks TPHQ's inaugural project since establishing its Australian entity. With a budget of approximately Rs 300 million, "Defiant" is set to make a significant impact on the global film scene. The film will be shot in Australia and India, showcasing the unique cultural and scenic landscapes of both countries. Filming is scheduled to begin in the upcoming fiscal quarter, to complete the project by the end of 2024 for a potential Cannes Film Festival premiere in 2025. Through this ambitious endeavour, TPHQ aims to strengthen its position in the global entertainment industry and foster closer ties between the Indian and Australian film sectors, leveraging financial incentives offered by the Australian Government.
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About the Company
Teamo Productions HQ Limited, formerly known as GI Engineering Solutions Limited, has expanded its operations to include film production, distribution, and related activities, in addition to its existing businesses. The company is now involved in various film and media projects, including feature films, content production, animation, CGI, OTT platforms, television, advertising, documentaries, music and other related services, both domestically and internationally.
Disclaimer: The article is for informational purposes only and not investment advice.