Mukta Arts Share Price | This share became a rocket, 20% upper circuit was imposed, missed the opportunity – Hindi News
Mukta Arts Share Price | Mukta Arts shares are in focus during Wednesday's trading. Shares of Hindi film producer and director Subhash Ghai's company rose 20 per cent to an intraday high of Rs 97.09 yesterday. There was upper circuit in these shares. There is a big reason for this rise in shares. Mukta Arts has signed a deal with Zee Entertainment Enterprises for the next six years. (Mukta Arts Limited Company Excerpt)
Contract for 37 films
Mukta Arts announced that it has entered into an assignment agreement with Zee Entertainment Enterprises for the satellite and media rights of 37 films of the company for a period of six years from August 25, 2027. However, the company has not disclosed the price of the deal. Mukta Arts said the deal was executed at a premium of 25 per cent over the previous agreement and as per the terms and conditions between the company and Zee. On Friday (September 27, 2024), the stock was trading at Rs 102, down 7.57%.
company business
Mukta Arts is an entertainment company led by Subhash Ghai. The company produces films and produces television content. The company also provides rental equipment for film distribution and film production. It was the first Hindi film production company to enter the stock market. Established on September 7, 1982, Mukta Arts has a record of many hit films. The company owns the modern studio AUDEUS. The company offers state-of-the-art technology facilities for world-class production and post-production services. Additionally, the company has expanded its operations in the distribution sector and further expanded its presence in the entertainment sector.
economic situation
The company reported revenue of Rs 27.52 crore and net profit of Rs 10.33 crore for the financial year 2023-24. The company reported net sales of Rs 7.02 crore in Q1FY25. The company reported a net profit of Rs 0.98 crore in the June quarter. The market cap of Mukta Arts is Rs 216.37 crore. Stock worth Rs. 52-week high of 98.35 and 52-week low of Rs. Is 61.
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