Multibagger Small Cap Received Order From Netflix, Shares Rallied 4.99%, Jumped 182.25% In 3 Months

Phantom Digital Effects Ltd. in the exchange filing to NSE has informed that it has secured an order from the OTT platform 'Netflix' for providing VFX for a project that includes Netflix-branded audio-visual content, produced by a PSC, or licenced for exhibition on Netflix OTT.

The order is to be executed in four years with an extension of further Two years upon agreement between parties to complete the project, according to the exchange filing.

Moreover, the order is estimated to be Rs. 120 Crores approx for the total project for the period of four years.

"Pursuant to Regulation 30 and other applicable regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to announce about the recent work received by us from the prestigious OTT Platform "NETFLIX", which reflects our continuous efforts to provide client-centric services using most sophisticated technologies in time & cost-efficient manner," the company said in an exchange filing.

Meanwhile, on Wednesday, the stock of Phantom Digital Effects rallied 4.99%, ended at Rs 434.10 apiece on NSE. It jumped 11.91% in the past 1 week. It gave a robust return of 35.11% in the past 1 month and a multibagger return of 182.25% in the past 3 months. Since its date of listing, its shares gave 38.82% positive return. The stock was listed on Oct 21, 2022.

Phantom Digital Effects is a Media & entertainment sector small cap stock. It has a market capitalisation of Rs 505.29 Crore.

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