Bonus Share, Stock Split, Rs 3/Share Dividend: Media Stock Below Rs 120 Gives Update On Board Meet

Small cap media stock Thinkink Picturez Ltd on March 1, 2024 decided to reschedule its meeting of Board of Directors that was supposed to take place on March 1, 2024 to consider bonus share, stock split, and declaration of Interim dividend upto Rs 3/share. The meeting of Board of Thinkink Picturez will now take place on March 15, 2024 to consider bonus issue, interim dividend, and stock split. Thinkink Picturez shares witnessed decline of 21% in last 1-week ahead of these key announcements. However, Thinkink Picturez stock gained 55% in last 2-years and 162% in last 3-years. Meanwhile, several bulk & block deals have been witnessed in Thinkink Picturez. Check details below:

Thinkink Picturez To Consider Bonus Share, Stock Split, and Interim Dividend On March 15: As per the regulatory filing of the company dated March 1, 2024, "In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Thinkink Picturez Ltd (Scrip Code: 539310) and with reference to our letter dated February 22, 2024; we hereby notify the rescheduling of its Board Meeting originally set for today i.e. Friday, 1st March 2024 to Friday, 15th March 2024; at the registered office of the Company."

The agenda of the meeting inter alia includes: Evaluation of stock split. Issuance of bonus shares, and declaration of Interim Dividend up to Rs. 3/- per share.

Thinkink Picturez Shares Performance & Return: The 52-week high price of Thinkink Picturez shares on BSE 118.95 apiece and 52-week low price is Rs 62.91 apiece, respectively. The company has a market capitalisation of Rs 228.97 crore. Thinkink Picturez shares witnessed a decline of 14% in last 2-weeks, fell 16% in last 6-months, dipped 4% in last 1-year, and offered return 162% in last 3-years. In last 5-years, Thinkink Picturez shares gained 324%.

Bulk & Block Deals In Thinkink Picturez: The most latest Bulk deal for Thinkink Picturez Ltd happened on March 1, 2024 on BSE 826,871 shares were traded at an average price of Rs 76.39. Nikhil Rajesh Singh. Rock Granimarmo Private Limited purchased 1,30,000 shares at the average price of Rs 73.80. Nikhil Rajesh Singh sold 826,871 shares at the average price of Rs 75.93. Darda Kiran HUF sold 2,44,000 shares at the average price of Rs 75.59.Rock Granimarmo Private Limited sold 2,55,000 shares at the average price of 75.49. Sunflower Broking Private Limited purchased 300,000 shares at the average price of Rs 78.52. Yashwantbhai A Thakker purchased 350,000 shares at the average price of Rs 79.05. Societe Generale purchased 300837 shares at the average price of Rs 78.65. Bofa Securities Europe SA purchased 307,000 shares at the average price of Rs 78.84. Chandan Chaurasiya purchased 2,20,209 shares at the average price of Rs 79.03. All these bulk and block deals took place in early March and late February.

Thinkink Picturez Financials: The company for the quarter ended December 31, 2023 declared a jump of 100% in its net sales to Rs 2.00 crore from Rs 1.00 crore in December 2022. The company for the December 2023 quarter declared its net profit at Rs 0.94 crore, 1396.67% from Rs 0.06 crore in December 2022. Its EBITDA for the quarter under consideration stood at Rs 1.41 crore in December 2023 up 907.14% from Rs 0.14 crore in December 2022. Its EPS soared to Rs. 0.32 in December 2023 from Rs. 0.02 in December 2022

About: ThinkInk Picturez is a film production company it was born out for a passion to create the best content in Film Making, TV and Web Shows,both fiction and Non-Fiction. Co-Founded by Raaj Shaandilyaa and Vimal K Lahoti 'ThinkInk Picturez Ltd" aims to create 'Unique' as well as 'Different' content which can appeal both to mass and targeted audiences. As Creative minded individuals, we thrive in a collaborative environment where two parties come together to make something that captivates audiences for years to come.

Disclaimer:

The stock highlights the bonus share, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.