Teamo Productions HQ Penny Stock Surges: A Small-Cap Stock to Watch in the Indian Stock Market
Teamo Productions HQ Penny Stock Performance
Penny stock Teamo Productions HQ surged by 5 percent, reaching its upper circuit in intraday trading on the BSE. This surge occurred on Wednesday, September 11, after the company disclosed the conversion of warrants into equities totaling ₹9 crore.
Market Reaction and Trading Details
- Shares opened at ₹1.45, marginally up from the previous close of ₹1.44.
- The stock touched its 5 percent upper circuit at ₹1.51 during the trading session.
- As of around 11:30 am, trading reflected a modest increase of 2.78 percent, with prices at ₹1.48.
Warrant Conversion Details
In a post-market exchange filing on Tuesday, September 10, Teamo Productions HQ announced the approval of 8,00,00,000 equity shares, with a face value of ₹1 per share issued at ₹1.50 each. This action followed a conversion of 80,00,000 warrants that had been issued at ₹15 each, maintaining investor confidence amid the recent trading activities.
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