Ajay Devgan Portfolio Stock: FIIs Bought 4,51,443 Shares in the March Quarter, Stock Gave Multibagger Returns of 1,800 Per Cent in Years
The stock gave multibagger returns of 223 per cent in 23.4 years and a whopping 1,800 per cent in 5 years.
On Wednesday, shares of Panorama Studios International jumped over 1.42 per cent to Rs 182.70 per share from its previous closing of Rs 180.15 per share. The stock’s 52-week high is Rs 258.95 and its 52-week low is Rs 152.10.
In the March 2025 quarter, Foreign Institutional Investors (FIIs) increased their stake in the company to 1.69 per cent (12,04,443 shares), up from 1.06 per cent (7,53,000 shares) in the December 2024 quarter. On a year-on-year basis, FIIs held 0.18 per cent (24,500 shares) in the March 2024 quarter. Notably, actor Ajay Devgan holds 10,00,000 shares, representing a 1.41 per cent stake in the company.
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Earlier in April 2025, Panorama Studios International Limited entered into an agreement with Chauhan Studios for Theatrical Distribution Rights, in India as well as Overseas Circuits for the upcoming film "Kesari Veer". Starring Sooraj Pancholi, Suniel Shetty, Vivek Oberoi and others, and directed by Prince Dhiman, Written by Kanu Chauhan, Shitiz Srivastava," Kesari Veer" is slated to release on May 16, 2025.
Incorporated in 1980, Panorama Studios International Ltd is a major player in the Indian media and entertainment industry. This diversified film studio focuses on the production and distribution of media entertainment and content. Throughout its history, Panorama Studios has garnered commercial success and critical acclaim for films like Omkara, Special 26, Drishyam and Singham.
The company has a market cap of over Rs 1,290 crore with a 3-year stock price CAGR of 121 per cent. The stock gave multibagger returns of 223 per cent in 23.4 years and a whopping 1,800 per cent in 5 years. The shares of the company have an ROE of 9 per cent and an ROCE of 27.2 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.