This 60 paise share created a stir in the market
It is often seen in the stock market that when big stocks become sluggish, then a small ‘penny stock’ suddenly becomes a topic of discussion. The trading session of December 23 was also similar, where a share priced at less than Re 1 surprised investors. We are talking about Teamo Productions HQ Limited. The sudden influx of buyers in this stock, which was trading in the range of just 60-70 paise, has brought it into the limelight of the market.
Stormy rise of 28% in 2 days
On the first trading day of the week i.e. 23rd December, tremendous action was seen in the shares of Teamo Productions. As soon as the market opened, investors started showing interest in this stock. Within no time this stock jumped by about 15 percent. If we look at the data, the share opened at 0.66 paise and during the day’s trading it also touched a high of 0.70 paise.
This rise has not come suddenly. Just a day before this, on December 22, this stock had also made its investors happy. Then a gain of about 13 percent was recorded and it closed at 61 paise. That means, if the last two days are taken into account, then this small share has made a spectacular jump of about 28 percent. This rise can be gauged from the fact that transactions of more than 73 lakh shares have taken place in today’s session, which shows that both liquidity and demand are at their peak.
Fell in a year, but turned things around in 5 days
The game of timing is most important in the stock market. The return chart of Teamo Productions also tells a similar story. Investors who bet on it in the last 5 days have lost their money. Within the last 5 days, this share has delivered returns of about 30 percent, which is many times more than any fixed deposit or traditional investment.
However, it is also important to see the other side of the picture. From a long-term perspective, this year has been quite challenging for this stock. This year till now (Year till Date) this stock has fallen by 74 percent. At the same time, in the last 6 months also a negative return of 8 percent was seen. But in 5 years it has given multibagger returns of 183 percent to its investors.
What does the company do?
Before investing, it is very important to know what the company does. The story of Teamo Productions HQ Limited is a story of great change. Earlier this company was known as ‘GI Engineering Solutions Limited’. At that time its main work was to provide engineering services, information technology and related services.
But with time the company has made major changes in its business model. Now, along with its old traditional business, Teamo Productions has also entered the glamor world. The company is now active in film production, distribution and other media related businesses.
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