Penny Stock Priced Below Rs 10: Suniel Shetty’s Endorsement Boosts Penny Stock to New Peaks
Bollywood star and fitness icon Suniel Shetty has been announced as the brand ambassador for Toyam Sports Limited (TSL), a micro-cap company listed on the Bombay Stock Exchange (BSE). This announcement came amidst Shetty’s enthusiastic support for Team TSL Hawks in the World Tennis League, solidifying the company’s commitment to promoting global sporting events. TSL is the proud owner of Pacific Star Sports (PSS), which operates the Hawks, and Shetty’s endorsement significantly boosts the company’s profile.
The BSE-listed TSL has a diverse portfolio, stretching beyond conventional sports like cricket and mixed martial arts (MMA). TSL has successfully made its mark in tennis, sponsoring the Meteora World Tennis League debut in 2022. This expansion comes on the heels of TSL’s ventures in the African Cup T20 and the India-Bangladesh ODI series, showcasing its prowess in organizing and promoting sporting events on a global scale.
The TSL Hawks, led by a star-studded team including WTA #1 IGA Swiatek and ATP #9 Hubert Hurkacz, soared to success in Abu Dhabi. Suniel Shetty, TSL’s brand ambassador, commended the team’s achievements and praised the electrifying atmosphere of the World Tennis League. This powerful collaboration between Bollywood charisma and sports prowess promises exciting times ahead for both TSL and the burgeoning World Tennis League.
Toyam Industries Ltd, the parent company of TSL, was incorporated in 1985 and operates in diverse sectors such as commodities, finance, restaurants, and events. The company’s financial structure is robust, with only Rs 0.79 crore in current debt. Despite being a penny stock with shares currently trading at Rs 5.75, the company has a market cap exceeding Rs 300 crore.
The stock’s performance reveals a dynamic trajectory, gaining 24% from its 52-week low while experiencing a 71% decline from its 52-week high of Rs.19.45. Today, Toyam Sports Ltd witnessed a 1.60% increase, reaching Rs 5.75 per share. It is crucial to note that investing in penny stocks carries inherent risks, and individuals should conduct thorough research and exercise caution. Nevertheless, potential investors should exercise due diligence and seek professional advice before considering any financial commitments.