Phantom Digital Effects Limited

It looks like there are some interesting growth triggers moving forward as the company announced that they are currently in the process of acquiring a multiple Oscar, Emmy and BAFTA award-winning studio to the extent of US$3 Mn. This can help the company to get a foothold in US markets (hopefully).

This was mentioned in the Nov23 con call. Good to see that the management is following up with their public commitments (possibly sign of a matured mgmt).

Will be interesting to see how company decides to allocate the Rs 80 cr via QIP that they raised recently.

Disc: Invested (position size here). No buy/sell in last 30 days.

3 Likes