1:5 Stock Split: Record Date Soon On August 9; Book Your Stake To Be Eligible?

With a market valuation of Rs 80.14 Cr, Thinkink Picturez Ltd is a small-cap company in the media and entertainment industry. The firm altered the record date for the 1:5 stock split from August 5 to August 9, which has prompted the share price to close on a stronger note today by 1.69% at Rs 27.05 apiece on the BSE. This puts the penny stock below Rs 100 in focus.

Thinkink Picturez Record Date For Stock Split

"In continuation to our letter dated 23/07/2024 and pursuant to Regulation 42 of the Securities and Exchange Board of India (LODR) Regulations, 2015, we wish to inform you that, the Company has revised the Record Date and has fixed Friday, August 09, 2024 as the Revised Record Date for the purpose of determining the eligibility of Shareholders for sub-division/ split of existing 1 (One) Equity Share of Face Value of Rs. 5/- each (Rupees Five only) each fully paid up to into 5 (Five) Equity Shares of face value of Re. 1/- each (Rupee One only) each fully paid up," said the company in a stock exchange filing.

Thinkink Picturez Latest News

Recently the Board of Directors of the company on Thursday, August 01, 2024 considered and approved the acceptance of the resignation of Mr. Bhaumik Jitendra Sampat, from the position of Director of Thinkink Picturez with immediate effect due to personal and unavoidable circumstances. Further, Mr. Bhaumik Jitendra Sampat automatically ceases to be a member of the Committees in M/s Thinkink Picturez Limited, with immediate effect, according to the company.

Thinkink Picturez Share Price Target

"ThinkInk Picturez Ltd's current price momentum and market performance make it a lucrative buy. However, my analysis suggests that it would be better to wait till the stock reaches its support range. Those interested in exploring the potential of this stock can consider the buying range of Rs. 20-22 for a target price of Rs. 30-45. Individuals may hold this stock for a period of 4-10 days but must adhere to a stop loss of Rs. 17 to limit exposure and protect gains," said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

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