TP Rs. 30-50, SL At Rs. 21; Penny Stock Sets Record Date For 1:5 Stock Split; Buy?

ThinkInk Picturez is a production company that produces fiction and non-fiction films, TV shows, and web series. Raaj Shaandilyaa and Vimal K. Lahoti co-founded "ThinkInk Picturez Ltd." The record date for a stock split is set for the consumer discretionary company under Rs 100 crore market cap. Following the aforementioned statement, Thinkink Picturez's shares closed 0.86% higher at Rs 27.10 on Thursday.

ThinkInk Picturez Record Date For Stock Split

"Pursuant to Regulation 42 of the Securities and Exchange Board of India (LODR) Regulations, 2015, we wish to inform you that, the Company has fixed Monday, August 05, 2024 as the Record Date for the purpose of determining the eligibility of Shareholders for sub-division/ split of existing 1 (One) Equity Share of Face Value of Rs. 5/- each (Rupees Five only) each fully paid up to into 5 (Five) Equity Shares of face value of Re. 1/- each (Rupee One only) each fully paid up," said ThinkInk Picturez in a regulatory filing.

ThinkInk Picturez Latest News

Recently, the company received a $2 million order for the making of the critically praised film "Dog Man," which is helmed by Peter Hastings. According to a regulatory filing, this project is scheduled for completion by March 2025 and is anticipated to be released by July 2025.

"This order not only underscores our commitment to innovation and excellence but also sets a new benchmark in our journey. We believe that our foray into VFX will open up new opportunities and drive future growth for Thinkink Picturez Limited. We extend our heartfelt gratitude to our shareholders for their continued support and confidence in our vision. We look forward to sharing more updates on our progress as we move forward with this exciting project," said the company in a regulatory filing.

ThinkInk Picturez Share Price Target

"Thinkink Picturez Ltd could be considered a risky script due to its micro-market capitalization of Rs. 78 crore. While the stock is currently trading at Rs. 25.50, I suggest potential traders and investors wait for a breakout. They can consider entering this stock when the price reaches Rs. 27.50, and hold it for 4-15 weeks for a target price of Rs. 30-50. However, to minimize risk exposure, I would advise strict adherence to a stop loss of Rs. 21," commented V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

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