10:5 Stock Split: 31st July Record Date; Buy The Portfolio Stock of Bollywood's Singham Ajay Devgan?

Kumar Mangat Pathak established Panorama Studios, an Indian production and distribution firm. With its affiliates and subsidiaries, Panorama Studios International is a multifaceted film studio that operates in several commercial sectors, including line production, equipment leasing, talent management, distribution, music labels, advertisement, and syndications. The attention will be on Bollywood star Singham Ajay Devgan's portfolio stock, in which he owns 2 lakh shares of the firm or holds a 1.46% stake, as the company has announced the record date for a 10:5 stock split.

Panorama Studios International Record Date For Stock Split

"We wish to intimate you that Panorama Studios International Limited ('the Company') has fixed Wednesday, July 31, 2024 as 'Record Date' for the purpose of determining the eligibility of shareholders of the Company for Subdivision/Split of each fully paid-up equity share having face value of Rs.10/- (Rupees Ten Only) each be Sub-divided into 5 (Five) fully equity shares having Face value of Rs.2/- (Rupees Two Only), as approved by the shareholders in the Extra-Ordinary General Meeting dated 2nd July, 2024," said Panorama Studios International in a stock exchange filing.

The company and its subsidiaries have grown significantly, in terms of business and performance, over the years. This is reflected in the share price of the company. As and when the stock price rises further, it will be increasingly difficult for small potential shareholders to participate in the company's future. Keeping with the spirit of inclusion and in order to reward the shareholders. the Board of Directors have declared stock split, Panorama Studios International informed stock exchanges.

Ajay Devgan's Stake In Panorama Studios International

In March 2024, the film production company Panorama Studios International issued 15.41 lakh warrants to non-promoters and promoters for a total of over Rs 10 crore, and 9 lakh equity shares to nine investors for a total of Rs 24.66 crore. One lakh shares, valued at Rs 274 each, were distributed to Devgn, for a total investment amount of Rs 2.74 crore. As a result, as per the data available on BSE for the quarter ended 30th June 2024, Bollywood's Singham Ajay Devgan held 2 lakh shares of the company in his portfolio which is 1.46% of the fully paid up share capital.

Panorama Studios International Share Price Target

"Panorama Studios International Limited, currently trading at Rs. 1032, has managed to garner the attention of the market experts due to a potential breakout opportunity. Hence, those who intend to leverage the anticipated price movement may consider the buying range of Rs. 980-1030 to enter the stock for a target price of Rs. 1100-1450. They can hold this stock for a period of 2-20 weeks and set their stop loss at Rs. 850 to protect gains," commented V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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