Multibagger Penny Stock Under Rs 2 in Focus as Company Announces New International Movie Project ‘Defiant’ worth Rs 300 Million Directed by Australian Filmmaker Bill Bennett
The stock is up by 44 per cent from its 52-week low of Re 1 per share and gave multibagger returns of 825 per cent in 5 years.
Teamo Productions HQ Limited (TPHQ) announced its latest international co-production movie project, tentatively titled "Defiant," which will be directed by acclaimed Australian filmmaker Bill Bennett. This venture marks the first project undertaken by TPHQ following the recent establishment of its entity in Australia.
With a budget of approximately Rs 300 million, Defiant is poised to make a notable impact on the global film industry. The film will be shot at various locations in Australia and India, showcasing the distinctive cultural and scenic landscapes of both countries. Filming is planned to start in the next fiscal quarter, with the project expected to wrap up by the end of 2024 as we intend to showcase it at the Cannes Film Festival in 2025.
By embarking on this ambitious project, TPHQ aims to solidify its position as a key player in the global entertainment industry, while also fostering stronger ties between the Indian and Australian film sectors. The project will benefit from the financial incentives offered by the Australian Government under the co-production treaty.
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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.
Today, shares of Teamo Productions HQ Ltd gained 2.77 per cent to an intraday high of Rs 1.48 per share from its previous closing of Rs 1.44. 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 122 crore and working capital requirements have been reduced from 4,804 days to 30.6 days. The stock is up by 44 per cent from its 52-week low of Re 1 per share and gave multibagger returns of 825 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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