5:1 Stock Split: This Media and Entertainment Company Sets July 31 as Record Date; Stock Gains Over 290 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 1400 per cent in just 3 years.
Panorama Studios International Limited, incorporated in 1980, operates in the Indian media and entertainment industry, focusing on the production and distribution of media content.
According to the latest notification released by the company. The Company has set Wednesday, July 31, 2024, as the ‘Record Date’ to determine shareholder eligibility for the subdivision/split of each fully paid-up equity share with a face value of Rs 10 (Rupees Ten Only) into 5 (Five) fully paid equity shares with a face value of Rs 2 (Rupees Two Only). This subdivision has been approved by shareholders in the Extra-Ordinary General Meeting held on July 2, 2024.
On FridayPanorama Studios International Limited shares closed the day at around Rs 956.90 per share. The company’s current market capitalization stands at Rs 1313.13 crore. The stock has delivered a multibagger return of over 290 per cent in the just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Panorama Studios International Limited recorded a revenue of Rs 283 crore. The operating profit for Q4 FY24 stood at Rs 40 crore. The net profit for Q4 FY24 was Rs 28 crore. Looking at the annual performance, the company generated a revenue of Rs 440 crore in FY24, compared to Rs 371 crore in FY23. The operating profit for FY24 was Rs 61 crore with a net profit of Rs 38 crore.
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According to the shareholding pattern, promoters own 68.30 per cent, while the remaining 31.70 per cent is owned by public investors.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.