Teamo Productions HQ Shares Hits Upper Circuit Ahead of Board Meet to Declare Q1FY25 Results

Share Market News: Shares of small-cap company Teamo Productions HQ hit 5 percent upper circuit on Thursday as the company has announced that its Board of Directors will consider and approve Q1FY25 results soon on Friday, July 12, 2024.
The counter opened in green at Rs 1.43 and surged further to hit the upper circuit of Rs 1.48. The counter had closed at Rs 1.41 in the previous session. The 52-week-high of the stock is Rs 1.59 and 52-week low is Rs 0.91.
“We wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 12, 2024 at the registered office of the Company, inter-alia, to transact the following businesses: i. consider, approve and take on record the Unaudited Financial Results of the company for the quarter ended June 30, 2024; ii. any other item(s) with the permission of the Chair,” said Teamo Productions HQ in a regulatory filing on Wednesday.
Earlier, the equity benchmark indices Sensex and Nifty hit their lifetime peaks in early trade on Thursday, amid firm global market trends, buying in blue-chip stocks and robust FIIs inflows.
The 30-share BSE Sensex jumped 388.84 points to hit a record peak of 80,375.64 in early trade. Also, the Nifty climbed 114.45 points to hit a lifetime high of 24,400.95. Among the Sensex pack, Tata Motors, ICICI Bank, Mahindra & Mahindra, Infosys, HCL Technologies and Tata Consultancy Services were the biggest gainers.
HDFC Bank, IndusInd Bank, Adani Ports and Special Economic Zone, and Bharti Airtel were among the laggards. Foreign Institutional Investors (FIIs) bought equities worth Rs 5,483.63 crore on Wednesday, according to exchange data.
“The big FII buying of Rs 5,484 crore on Wednesday is largely due to the massive delivery-based buying in banking stocks led by HDFC Bank. This delivery-based buying may sustain for a few more days imparting resilience to the market.