Gradiente Infotainment Records Market Cap of ₹16.33 Cr During Friday's Closing Session
Key Highlights :
Gradiente Infotainment is a small cap company that recorded a market cap of ₹ 16.33 Cr during Friday's closing session. During its last trading session, the stock ended on a green note by 3% after the company secures an order of ₹ 10 Cr from an international Joint Stock company headquartered in Ukraine.
The order is a part of Gradiente's goal to expand and diversify its IT Division, which will invest INR 100 million (Rs. 10 crores) in the IT & ITES sector. “The entire expansion of Gradiente is likely to be funded partly by private placement, preferential allotment, debt & ADRs. Currently, Gradiente is actively traded on Bombay Stock Exchange (BSE).
The company completed its first round of funding by way of preferential allotment of 16,807,600 equity shares @ Rs. 10/- per share, thereby increasing its authorized capital to 40,000,000 shares & paid-up equity to 39,325,000 shares," said Gradiente Infotainment in a stock exchange filing.
VISCOM has already completed the first batch of work, and billing for it is expected to occur between April 30 and May 7 of 2023. “This project has a potential to achieve a top-line of INR 100 Million (Rs. 10 crores) approx. and a bottom line of INR 20 Million (Rs. 2 crores) approx. for the FY 2023-24," said Gradiente Infotainment.
A meeting of the Board of Directors of the company is scheduled to be held on Friday, 5th May, 2023 to consider and approve the financial results for the quarter ended 31st March, 2023 and the execution of GIS project received from VISCOM, a Global company headquartered in Ukraine, according to Gradiente Infotainment. The Board will also consider establishing a branch or subsidiary in Dubai or Singapore, for aggregating, collaborating and operating Multimedia channels, worldwide, establishing a company for JV with Bu Abdullah Group in Media and Entertainment business in MENA and African region and raising funds by issuing of securities on preferential basis, said Gradiente Infotainment.
On Friday, the shares of Gradiente Infotainment closed on the BSE at ₹ 7.05 apiece level, up by 3.83% from the previous close of ₹ 6.79. The stock has rallied 307.51% in the last 1 year and on a YTD basis it has fallen 10.76% so far in 2023. The stock touched a 52-week-high of ₹ 9.68 on (14/12/2022) and a 52-week-low of ₹ 1.65 on (08/07/2022).
Investors looking to invest in small cap companies should take into account the potential risks associated with investing in such stocks. Small cap companies are often more volatile and have a higher risk of failure as compared to larger companies. It is important to do thorough research and understand the company's fundamentals before investing in any stock, especially small cap stocks.
In addition to researching the company, investors should also consider their own investment goals and risk tolerance. Knowing one's investment goals and risk tolerance will help investors make informed decisions about which stocks to invest in. It is also important to diversify one's portfolio to reduce risk. Investing in a variety of stocks from different sectors and industries can help diversify one's portfolio and reduce risk.
Overall, Gradiente Infotainment Limited is a small cap company that has recently secured an order of ₹ 10 Cr from an international Joint Stock company headquartered in Ukraine. The company is actively traded on the Bombay Stock Exchange and has seen significant growth in the past year. Investors should conduct thorough research and understand the company's fundamentals before investing in any stock, especially small cap stocks. Additionally, investors should consider their own investment goals and risk tolerance before investing in any stock.
