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Mint
7 days ago
- Business
- Mint
Penny stock below Re 1 hits 10% upper circuit despite weak markets
Shares of Thinkink Picturez Ltd, a low-priced penny stock trading below Re 1, hit the 10 percent upper circuit at ₹ 0.33 on Tuesday, June 3, in a surprising move despite weak broader market sentiment. The rally came on the back of a major leadership announcement, with the company appointing Mr. Chetan Chauhan as its new Chief Executive Officer, signalling a new phase of aggressive growth and content diversification focused on India's regional entertainment market. With over 29 years of experience in the media and entertainment industry, Mr. Chauhan brings significant leadership credentials to the table. His past associations include prominent names such as The Times of India Group (BCCL), Mid-Day, Reliance, and Pantaloons. He is widely regarded as a key influencer in the Gujarati film industry, having worked on over 70 regional film projects as a publicist, including India's official Oscar entry, Last Film Show by Pan Nalin. Under his stewardship, Thinkink Picturez plans to expand into Gujarati, Marathi, and other regional languages, focusing on producing high-quality, culturally rooted content. The company also aims to support emerging talent by creating a platform for aspiring filmmakers and artists across the country. Mr. Chauhan stated, 'India is poised to become a global hub for entertainment production and storytelling, especially with the integration of Artificial Intelligence (AI). At Thinkink Picturez, our goal is to promote fresh talent, regional narratives, and especially children's cinema—an area long ignored. Our strategy includes significant investments in these areas.' The company also indicated that it is evaluating the feasibility of six previously announced Hindi feature films, with decisions on their activation expected soon. Despite the stock rally, Thinkink Picturez reported a weaker-than-expected performance in Q4 FY25. The company posted a net loss of ₹ 155.74 lakh, a 25.2 percent increase in losses compared to the ₹ 124.37 lakh loss in Q4 FY24. The results also marked a reversal from a net profit of ₹ 91.69 lakh in Q3 FY25. However, revenue from operations surged 410 percent year-on-year to ₹ 510 lakh, up from ₹ 100 lakh in Q4 FY24. On a sequential basis, revenue also climbed 197 percent compared to ₹ 171.5 lakh in Q3 FY25, suggesting growing operational momentum despite rising expenses. For the full year, FY25, the company posted a net loss of ₹ 5.46 lakh, down from a net profit of ₹ 251.09 lakh in FY24, marking a 102.2 percent decline. Annual revenue dropped 8.2 percent year-on-year to ₹ 898.75 lakh. The penny stock has experienced extreme volatility over the past year. While it has rallied almost 18 percent in the first two trading sessions of June, it had declined 24 percent in May and 5 percent in April, following a 30 percent rise in March. Between November 2024 and February 2025, the stock remained in the red. It hit a 52-week high of ₹ 1.29 in November 2024 but slid to a 52-week low of ₹ 0.28 on March 3, 2025. With the current price at ₹ 0.33, the stock continues to trade close to its lowest levels, down more than 73 percent in the past one year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Fashion Value Chain
27-05-2025
- Business
- Fashion Value Chain
ThinkinkPicturez Ltd Appoints Mr. Chetan Chauhan as CEO to Spearhead Major Expansion in Indian Entertainment Sector, with more Focused on Regional Content
ThinkinkPicturez Ltd., a dynamic and fast-growing name in India's entertainment landscape, is proud to announce the appointment of Mr. Chetan Chauhan as its new Chief Executive Officer. This strategic leadership move comes as the company embarks on a major expansion into regional cinema and high-value content creation across India. CEO – Chetan Chauhan Mr. Chauhan brings with him nearly 29 years of distinguished experience in the media and entertainment industry. He has held senior leadership roles at some of India's most respected organizations including The Times of India Group (BCCL), Mid-Day, Reliance, and Pantaloons, with a strong emphasis on the media and retail sectors. An influential figure in the Gujarati film industry, Mr. Chauhan has served as a publicist for more than 70 regional film projects. Notably, he was associated with Pan Nalin's 'Last Film Show', India's official entry to the Oscars. He is also a visiting faculty member at various mass media colleges and universities in Gujarat, where he teaches Public Relations and Media Studies. Widely recognized as an influential figure in the Gujarati film industry, Mr. Chauhan's extensive experience and industry network are expected to unlock new alliances and business opportunities for ThinkinkPicturez. His appointment marks a pivotal moment as the company gears up for large-scale growth and innovation in content production. Under Mr. Chauhan's leadership, ThinkinkPicturez is making strategic inroads into regional cinema, with plans to produce content in Gujarati, Marathi, and other Indian languages. The company is currently developing a robust slate of projects valued at over â¹500 crore, positioning itself as a key player in Indias evolving entertainment sector. In addition to creating high-quality content, ThinkinkPicturez is committed to nurturing creative talent by providing a platform to emerging artists across India. The company's initiatives aim to foster inclusivity and representation in the entertainment industry. Further reinforcing its commitment to regional development, ThinkinkPicturez is set to engage with the Gujarat Government to seek support in driving employment and economic growth through entertainment projects in the state. Mr. Chauhan commented, 'The entertainment industry in India is growing at an unprecedented pace, as evident from the recent WAVE event in Mumbai. India is poised to become a global hub for entertainment production and ideation. Under the visionary leadership of our Prime Minister, the country is also emerging as a leader in Artificial Intelligence (AI), which is set to revolutionize storytelling in unimaginable ways. At Thinkink Picturez, we are aligning ourselves with this transformation, focusing on regional content and small-town narratives. There are countless untold stories waiting to be shared with the world in the most authentic and relatable ways. We are committed to nurturing fresh talent and promoting regional narratives, with a special emphasis on children's cinema-an area that has long been overlooked. Our strategic vision includes significant investment in this segment. Meanwhile there are around 6 Hindi feature film pending projects which were announced; company management is working towards the feasibility of each project to be activated soon. I am honored to take on this role at such a crucial time. ThinkinkPicturez has a bold vision for the future of Indian cinema, especially in regional markets. I look forward to working with our talented teams and partners to create powerful, meaningful content that connects with audiences across the country.' With a visionary new CEO and a pipeline of impactful projects, ThinkinkPicturez Ltd is poised to redefine the future of entertainment in India.
