The penny stock surged greatly by over 11% following the announcement that the board will be considering a share split.
penny stock surged: During Wednesday’s trading session, the shares of a leading content creation and production company surged nearly 11.7 percent, reaching Rs. 30.1 on the NSE, following the company’s announcement of a scheduled Board meeting to consider a stock split.
Inspire Films Limited, with a market cap of Rs. 37.5 crores, saw its shares trading in the green at Rs. 27.55 at 11:23 a.m., up by almost 2.2 percent from its previous closing price of Rs. 26.95.
The latest regulatory filings with the NSE revealed that Inspire Films Limited has scheduled a Board meeting to discuss and approve a stock split proposal. The meeting is set to take place on Tuesday, January 21, 2025. During this meeting, the Board of Directors will review and approve the alteration in the company’s share capital by sub-division/split of existing equity shares with a face value of Rs. 10 each, fully paid up, subject to their decision.
In previous news on October 14, 2024, Inspire Films announced a new partnership with a popular Hindi General Entertainment Channel (GEC) for a TV daily soap/drama. Production of this show is expected to begin in the later part of Q3 FY25, with the premiere scheduled for early Q4 FY25.
Financial Report:
Inspire Films has faced a significant decline in revenue from operations, with a year-on-year decrease of nearly 81.2%. Revenue fell from Rs. 21.3 crores in H1 FY24 to Rs. 4 crores in H1 FY25. Additionally, the company’s net profit dropped from Rs. 1.44 crores to a loss of Rs. 3.8 crores during the same period.
Company Overview:
Inspire Films Limited, established in 2012 and based in Mumbai, is a leading producer of original digital content across various genres for television and OTT channels. The company is involved in project financing, talent acquisition, and meticulous oversight throughout all production phases.
For more market insights, follow our blog.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.