Multibagger VFX Company Secures USD 1.2 Million Contract for Major American OTT Series; Complete Details Inside!
The company’s shares have delivered an impressive return of around 170 per cent to its shareholders.
In a significant milestone for the company has secured a prestigious contract valued at USD 1.2 million (approximately Rs 10 crore) to provide high-end visual effects (VFX) and Virtual Production services for a major American OTT series. This order marks a key step in the company’s strategic expansion into the American market and underscores the company’s growing influence in the global VFX industry.
Expanding Footprint in North America
Digikore Studios, incorporated in 2000, has long been recognized for its full suite of VFX services. The new contract represents not only a financial win but also a significant leap forward in Digikore’s mission to become a leader in the North American VFX market. The project will be executed through a collaborative effort involving Digikore’s Los Angeles and Montreal offices working closely with the highly skilled team in Pune, India.
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Leveraging Global Collaboration
Given the scale and complexity of the project, this contract requires seamless coordination between teams spread across multiple time zones. To achieve this, Digikore will leverage its sophisticated global pipeline and VFX workflow structure, which has been meticulously designed to ensure flawless communication and integration across continents. This advanced system will enable the company to maintain the highest standards of quality and creativity throughout the project’s lifecycle.
Project Timeline and Execution
The project is slated to begin in early to mid-October 2024, with an estimated completion date by the end of February 2025. During this period, Digikore’s teams will work in unison to deliver world-class VFX and Virtual Production services that meet the demanding standards of the American OTT series.
Share Performance of Digikore Studios
Today, the shares of Digikore Studios closed at around Rs 469 each on the NSE. The current market capitalization of the company stands at Rs 297 crore. Additionally, the company’s shares have delivered a multibagger return of over 170 per cent compared to its final IPO price of Rs 171 each.
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Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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