Exhicon Event Media gains 4.5% after Chetak Equine MoU

Exhicon Event Media Solutions (EEMSL) has signed the memorandum of understanding (MoU) with Chetak Equine Development (CEDPL) on July 18, 2023, to Co-organize the Show named Sarangkheda Chetak Festival for the upcoming 10 years. The Sarangkheda Chetak Festival is one of the oldest horse fairs in the Country and has been organized for around 300 years now the same will be Co-Organized and managed by Exhicon for the next 10 years.  

EEMSL will provide end-to-end execution of the show, encompassing program management, venue arrangements, stage setup, technical logistics, audio-visual production, participant registration, onsite management, sponsorship, logistics, legal documentation, and overall event coordination. Profit sharing shall be equal between CEDPL and EEMSL, and EEMSL shall be additionally paid as per mutually agreed payment terms for all services rendered for the event. 

Exhicon Events Media Solutions provides products and services for the exhibition, conferences, and events industry. The company offers media to integrated marketing solutions, event infrastructure, and management to organize solutions for B2B and B2C fairs and events. 

Today, the stock opened at Rs 232.80, with a high and low of Rs 232.80 and Rs 232.80. The stock is currently trading at Rs 232.80, up by 4.98%.  

In the last six months, the shares of the company have given about 240% returns, and in the last one year, the stock has given about 30% returns.    

The stock has a 52-week high of Rs 258.80 and a 52-week low of Rs 64.00. The shares of the company are currently trading at a TTM PE of 30.2x against the industry PE of 26.1x. The company has a ROCE of 222% and an ROE of 199% with a market capitalisation of Rs 276 crore.  

Investors should keep a close eye on this stock. 

Disclaimer: This blog 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.