Penny Stock Below Rs 5 Hit 5% Upper Circuit After Q4 Results; Do You Own?

Teamo Productions HQ announced its Q4FY24 results on Wednesday evening. The company reported a rise in net profit of 142.66% to Rs 3.47 crore in Q4FY24 as against Rs 1.43 crore during Q4FY23. Sales declined 69.49% to Rs 114.60 crore in Q4FY24 as against Rs 375.58 crore during Q4FY23.

For the full year, net profit rose 69.44% to Rs 4.88 crore in FY 2023-24 as against Rs 2.88 crore in FY 2022-23. Sales declined 45.51% to Rs 457.96 crore in FY 2023-24 as against Rs 840.38 crore during FY 2022-23.

Earlier, Teamo Productions HQ split the face value 1 time on December 14, 2023. It had last split the face value of its shares from Rs 10 to Re 1 in 2023. Teamo Productions shares traded ex-split on December 14, 2023. It declared a stock split in 2023 during the month of October.

Teamo Products HQ was formerly known as GI Engineering Solutions Limited, They recently renamed itself after entering a new business of film production, distribution and allied services and renamed itself as 'Teamo Productions HQ' to reflect the business activities more appropriately.

On Friday, the shares of Teamo Productions HQ opened at a 5% upper circuit limit at Rs 1.25 apiece. The scrip marked a 52-week-high of Rs 3.83 on (19/05/2023) and a 52-week-low of Rs 0.91 on (04/08/2023).