Teamo Production Share Price 18 April 2024
Teamo Productions HQ Limited’s shares were trading high in the Indian stock market despite a weak overall situation last Friday. The fourth quarter results for 2024 were announced on Wednesday, after which Teamo Productions HQ Limited’s shares hit a 5% upper circuit. The penny stock, which was trading below 5 rupees, opened at 1.25 rupees on NSE on Friday and then hit the upper circuit. Small-cap shares had also hit the upper circuit on 5, 8, and 9 April before Friday.
Importantly, this penny stock is available for trading on both NSE and BSE. Its market cap is 107 crore rupees. The current trading volume on NSE is 16.88 lakh rupees. The stock has a 52-week high of 3.32 rupees and a low of 0.74 rupees. The company’s shares also saw an uptrend after the quarterly results. The company had released the results for the March quarter on Wednesday evening. On Thursday (18 April 2024), the share was trading at 1.37 rupees with a 0.72% decline.
Q4FY24 guarantees the company’s expenses for small-cap companies on both a QOQ and YoY basis. The company recorded total expenses of ₹111.20 crore in the January-March 2024 quarter, compared to 129.90 crore in the previous quarter of the fiscal year 2023-24. Certainly, the company is capable of controlling its expenses. The small-cap company has improved its expenses every year. The company’s total expenses were 375.62 crore rupees in 4FY23.
In Q4FY24, the company’s net profit was 3.47 crore rupees, compared to 1.94 crore rupees in the previous quarter and 1.43 crore rupees in Q4FY23. The company has seen an 80% increase in total profits. The company has recorded a growth rate of 140% on an annual basis.
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