Multibagger penny stock under Rs 2: This micro-cap company plans to venture into the media finance business; scrip hit upper circuit!
The stock gave multibagger returns of 248.39 per cent in 2 years, 980 per cent in 3 years and over 1,250 per cent returns in 5 years.
Visagar Financial Services Ltd announced its strategic decision to expand its portfolio into the media finance business. Leveraging its expertise in financial services and recognizing the immense potential in the mass-consumed media and entertainment sector, the company aims to become a niche player in the media finance category.
Visagar Financial Services Ltd is uniquely positioned to explore synergies with its sister concern and associated media companies. By pooling resources, knowledge, and networks, the company aims to create a comprehensive and seamless financial ecosystem catering to the specific requirements of media & entertainment clients.
Customized Solutions: In its foray into the media finance domain, the company aims to offer tailored financing solutions to producers on a case-by-case basis. The company plans to collaborate closely with filmmakers to structure finance packages that align with their project's specific needs and financial objectives.
The company recognizes the significance of fostering partnerships with vital stakeholders in the film industry. To ensure the success of the client’s projects, the company plans to actively explore collaborations with various agencies, including production houses, post-production studios, distributors, OTT platforms, and other entities involved in the filmmaking process. These strategic partnerships shall facilitate the seamless execution and promotion of films/web series while ensuring optimal financial returns for all stakeholders.
Mr. Tilokchand Kothari, Director of Visagar Financial Services Ltd, expressed his thoughts on this new venture, stating, "Media is one of the most mass-consumed commodities. We are excited to step into the media finance space and support the vibrant film industry. With our strong financial background and experience in the media industry, we are confident in providing producers with the right financial backing to bring their creative visions to life. "
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On Monday, one of the Top Gainers on BSE, shares of Visagar Financial Services Ltd jumped 5 per cent upper circuit to Rs 1.08 per share from its previous closing of Rs 1.03. The stock’s 52-week high is 1.49 and its 52-week low of Rs 0.61
The stock gave multibagger returns of 248.39 per cent in 2 years, 980 per cent in 3 years and over 1,250 per cent returns in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.