Multibagger Penny Stock In Media Sector Gives 317% Returns In 5 Years; Co Launches VFX, OTT Platform In UAE

Leading player in the global entertainment industry, Thinkink Picturez witnessed buying sentiment on BSE during Tuesday's trade. The optimism in this penny stock which trades below Rs 90, comes after the company expanded its international operations with the launch a state-of-the-art VFX & OTT Platform company in the United Arab Emirates (UAE). The penny stock has rallied by at least 317% in 5 years, journeying from Rs 20 levels to over Rs 80 mark.

It is a significant move marks a pivotal milestone in the company's journey as it ventures into new business opportunities in the field of VFX and post-production, while also venturing into the realm of Over-The-Top (OTT) content distribution.

On January 2nd, Thinkink's share price ended at Rs 83.05 apiece, up by 1.11% on BSE. Its market cap were at Rs 246.06 crore.

In a year, the stock has gained by at least 8.5%. But in 5 years, the upside is huge by 315.25% on BSE as of now. The stock was merely Rs 20 apiece on January 4, 2019.

On Tuesday, Thinkink said with establishment of this new company in the UAE, Thinkink Picturez Ltd is poised to reshape the landscape of international entertainment, bringing its innovative VFX solutions and captivating content to a broader audience. With a steadfast commitment to delivering top-notch cinematic experiences, company's decision to expand into the UAE aligns perfectly with its vision for global expansion and diversification. The UAE's strategic location, world-class infrastructure, and burgeoning entertainment industry make it the ideal hub for the company's international operations.

Vimal Kumar Lahoti, Jt. Managing Director of Thinkink Picturez Limited, expressed his excitement, stating, "This expansion into the United Arab Emirates and the launch of our VFX & OTT Platform company is a testament to our dedication to offering world-class entertainment services to a global audience."

Also, the newly established VFX & OTT Platform company in the UAE will serve as the cornerstone for Thinkink Picturez Ltd's ambitious international growth plans. The company aims to capitalize on the growing demand for high-quality visual effects and post-production services by leveraging its extensive experience in the field. The UAE venture will enable Thinkink Picturez Ltd to cater to clients and projects from all corners of the globe.

Meanwhile, Thinkink also highlighted that this expansion into VFX and OTT represents a strategic move that capitalizes on the ever-evolving
preferences of modern audiences, making Thinkink Picturez Ltd an exciting prospect to capitalize on the dynamic landscape of the entertainment sector. With this strategic initiative, company stands on the cusp of a remarkable transformation in the entertainment industry and poised for substantial growth.

Furthermore, the company's management team is highly enthusiastic about this new venture and the immense potential it brings. Thinkink Picturez Limited's commitment to delivering cutting-edge entertainment experiences remains unwavering as they enter this new chapter in their journey.

Additionally, the company intends to monetize its vast library of previously created assets and generate revenue from a worldwide audience.

By end of the September 2023 quarter, Thinkink reported a net profit of Rs. 3.48 crore, a rise of 32.6% Y-o-Y as compared to a net profit of Rs. 2.62 crore. Total income for Q2FY24 reported growth of 66% to reach Rs. 6.53 crore as against total income of Rs.3.93 crore in Q2FY23.