Imagica world Entertainment Ltd | Stock Updates

Imagica takes the spotlight: Theme-park stock hits upper circuit, leaving investors thrilled

In today’s trading session, shares of Imagica world Entertainment Ltd, surged 8.59 times its average volume to reach its 52-week high of Rs 71.52.

About share price movement
Imagica world Entertainment Ltd. shareholders were treated to a rollercoaster ride today, as the stock blasted off to its 52-week high of Rs 71.52, a staggering 20% surge from its previous close. Driven by a massive 8.59 times increase in volume compared to its average, Imagica defied gravity, leaving its opening price of Rs 60.49 far behind in the dust.

The BSE group ‘B’ stock of face value of Rs 10 has touched a 52-week high of Rs 71.52 and a 52-week low of Rs 33.60. The current market cap of the company is Rs 3,446.55 crore. The promoters holding in the company stood at 70.85%, while Institutions and Non-Institutions held 7.04% and 22.12% respectively.

Valuation and Outlook
Despite industry averages placing its price-to-earnings ratio (PE) at 29 times and its price-to-book ratio (PB) at 4.24 times, Imagica boasts a significantly lower PE of 9.50 and a slightly higher PB of 4.38. This suggests the stock might be undervalued compared to its peers. Further strengthening this notion are its impressive growth rates, with sales compounding at 8% and profits at 43% over the past three years.
Additionally, the company maintains a healthy debt-to-equity ratio of 0.29 and a low Peg ratio of 0.28, indicating responsible financial management and potential for further growth. Imagica’s financial indicators paint a picture of a potentially undervalued stock with strong growth prospects.

About the company
Imagica - Theme Park is a leading theme park in India, offering a variety of rides, attractions, food and beverage outlets, and retail shops. It is part of Adlabs Mumbai, a one-stop entertainment destination that includes Aquamagica, a water park, and Novotel Imagica Khopoli. The park spans 132 acres and is located in Khalapur, 74 kilometers from Mumbai. Imagica - Theme Park has 25 rides and attractions spread across six theme-based zones.

Notable attractions include Rajasaurus River Adventure, Wrath of the Gods, Nitro, I for India, and Mr. India - the Ride. Live performances by acrobats, magicians, dancers, musicians, and other artists are also featured throughout the day. The park is designed to appeal to a broad demographic of the Indian populace.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.