Penny stock below Re 1 hit 10% upper circuit as company appoints new CEO to spearhead major expansion in Indian entertainment sector with more focused regional content
The stock is down by 74.4 per cent from its 52-week high of Rs 1.29 per share and up by 18 per cent from its 52-week low of Re 0.28 per share.
On Tuesday, shares of Thinkink Picturez Limited hit a 10 per cent upper circuit to Rs 0.33 per share from its previous closing of Rs 0.30 per share. The shares of the company saw a spurt in volume by more than 4 times on the BSE.
Thinkink Picturez Ltd, a rapidly expanding entity in the Indian entertainment sector, has appointed Mr. Chetan Chauhan as its new Chief Executive Officer. This strategic move aligns with the company's ambitious plans for significant expansion into regional cinema and the creation of high-value content across India. Mr. Chauhan brings almost three decades of experience from the media and entertainment industry, having held senior leadership positions at prominent organisations such as The Times of India Group (BCCL), Mid-Day, Reliance, and Pantaloons, with a particular focus on the media and retail sectors.
Mr. Chauhan is a highly respected figure in the Gujarati film industry, having served as a publicist for over 70 regional film projects, including the Oscar-nominated "Last Film Show" by Pan Nalin. His extensive industry network and experience are anticipated to foster new partnerships and business avenues for Thinkink Picturez. This appointment signifies a crucial phase as the company prepares for substantial growth and innovation in content production. Beyond his industry roles, Mr. Chauhan shares his expertise as a visiting faculty member at various mass media colleges and universities in Gujarat, teaching Public Relations and Media Studies.
Under Mr. Chauhan's leadership, Thinkink Picturez is set to make strategic inroads into regional cinema, with plans to produce content in Gujarati, Marathi, and other Indian languages. The company is dedicated not only to producing high-quality content but also to nurturing emerging creative talent across India, aiming to promote inclusivity and representation within the entertainment industry. Furthermore, Thinkink Picturez intends to collaborate with the Gujarat Government to secure support for driving employment and economic growth through entertainment projects within the state.
Mr. Chetan Chauhan, the newly appointed CEO of Thinkink Picturez, expressed his enthusiasm for the unprecedented growth in India's entertainment industry, foreseeing the nation's emergence as a global hub for entertainment production and ideation. He highlighted the transformative potential of Artificial Intelligence (AI) in storytelling, aligning Thinkink Picturez with this evolution by focusing on regional content and small-town narratives. Chauhan emphasised the company's commitment to nurturing fresh talent and promoting regional stories, with a particular focus on the long-overlooked genre of children's cinema, an area slated for significant investment. He also noted that the company management is actively assessing the feasibility of six pending Hindi feature film projects for activation. Honoured by his new role, Mr. Chauhan is eager to collaborate with his teams and partners to create impactful and meaningful content that resonates with audiences nationwide, especially within regional markets, as Thinkink Picturez aims to redefine the future of Indian entertainment.
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About the Company
Established in 2008, Thinkink Picturez is a prominent player in Indian media and entertainment, specialising in creating unique and diverse content across film, TV shows, and web series. Their comprehensive services encompass the entire film production process, from script selection and financing to post-production, while also offering script development, TV production, and web series ventures. Backed by successful projects like "Janhit Mein Jaari" and the "Dream Girl" franchise, their collaborative spirit and commitment to engaging content have cemented their position in the evolving Indian media landscape.
The stock is down by 74.4 per cent from its 52-week high of Rs 1.29 per share and up by 18 per cent from its 52-week low of Re 0.28 per share. The company has a market cap of Rs 47 crore and the stock is trading at 0.31 times its book value.
Disclaimer: The article is for informational purposes only and not investment advice.