Meanwhile, benchmark equity indices Sensex and Nifty climbed in early trade on Tuesday in line with optimism in global markets and steady investments by retail investors.
Teamo Productions HQ Limited (TPHQ) shares are in focus as the company has announced that its latest international co-production movie project, tentatively titled “Defiant,” which will be directed by acclaimed Australian filmmaker Bill Bennett. This venture marks the first project undertaken by TPHQ following the recent establishment of its entity in Australia.
With a budget of approximately INR 300 million, Defiant is poised to make a notable impact on the global film industry. The film will be shot at various locations in Australia and India, showcasing the distinctive cultural and scenic landscapes of both countries. Filming is planned to start in the next fiscal quarter, with the project expected to wrap up by the end of 2024 as we intend to showcase it at the Cannes Film Festival in 2025.
By embarking on this ambitious project, TPHQ aims to solidify its position as a key player in the global entertainment industry, while also fostering stronger ties between the Indian and Australian film sectors.
The project will get benefits from the financial incentives offered by the Australian Govt. under the co-production treaty. Meanwhile, benchmark equity indices Sensex and Nifty climbed in early trade on Tuesday in line with optimism in global markets and steady investments by retail investors.
The 30-share BSE Sensex climbed 338.21 points to 80,762.89 in early trade. The NSE Nifty rallied 87.65 points to 24,660.30. Among the 30 Sensex firms, Tata Consultancy Services, IndusInd Bank, NTPC, Axis Bank, UltraTech Cement, Power Grid, Infosys and Bajaj Finserv were the major gainers.
Bharti Airtel, Tata Steel, JSW Steel and Tata Motors were among the laggards.