Penny Stock Below Rs 5 Hit Upper Circuit After This Announcement; Do You Own?

Teamo Productions HQ informed exchanges that the first shooting schedule of its latest cinematic endeavour, Bina Shakkar Ki Chai, has been completed under the leadership of producer Mohaan Nadaar.Shakkar Ki Chai is a film that intricately weaves together the myriad emotions that colour life's canvas.

The ongoing project will cost about Rs 40 million and is expected to generate a revenue of Rs 55-60 million. The shooting for the project will be completed by May 5. Following the announcement, the shares of Teamo Productions HQ closed on Tuesday at a 4.55% upper circuit limit at Rs 1.38 apiece.

Mohaan Nadaar, Managing Director of Teamo Productions HQ Limited (TPHQ) said, "We are immensely proud of Sai Deodhar, whose directorial vision breathes life into this enchanting narrative. 'Bina Shakkar Ki Chai' is not just a story; it's a testament to the indomitable spirit of individuals who dare to dream. As we embark on this cinematic journey, we are thrilled to announce the successful completion of the first shooting schedule, setting the stage for what promises to be a truly captivating film experience."

Director Sai Deodhar said, "With 'Bina Shakkar Ki Chai,' we aim to craft a poignant tale that resonates with audiences on a deeply human level. I am filled with gratitude for the dedication and talent of our ensemble cast and crew." The cast comprise of the legendary Revathi, Seema Sajdeh, Rajesh Sharma, Shruti Prakash, Revathi Pillai (of Kota Factory fame), Lalit Prabhakar, among others. Ketki Pandit, Co-Founder and Producer at TPHQ, said, "As we celebrate the completion of the first shooting schedule, we are excited to witness the magic unfold on screen, touching hearts and inspiring audiences." Shrabani Deodhar, CEO of TPHQ and National Award-winning filmmaker, commented, "We look forward to bringing this slice of life to audiences, reminding them that amidst life's challenges, joy and fulfilment can be found."

Last week, the company informed exchanges that its net profit for Q4FY2024 has surged 140 per cent YoY to Rs 3.47 crore. Its net profit in the same period was Rs 1.43 crore. For FY2023-24, the net profit of the company rose by 69 per cent to Rs 4.88 crore.

They reported a net profit of Rs 2.88 crore during FY2022-23. Total sales in FY24 stood at Rs 457.96 crore, representing a decline of 45 per cent YoY.

Earlier, Teamo Productions had in December 2023 split its equity shares. Its shares were split in the ratio of 10:1, meaning each share having a face value of Rs 10 was split into 10 shares of Re 1 each.

Teamo Productions 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.