Share of Toyam Sports Limited are in focus.
The company’s share (Toyam Sports Ltd) rose 5% from its previous closing price of Rs 3.57 to a high of Rs 3.76. There is a big deal behind this rise in share.
In reality, it is the QCA (Qatar Cricket Association) that has signed the agreement with Pacific Star Sports LLC (PSS) and USC Worldwide Events LLC (USC) an affiliate that is part of Toyam Sports Limited, to create a domestic Pro League.
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What Is The detail
This tournament named Qatar Pro League 2024 will be held from 10 to 25 October 2024 at the West End Park International Cricket Stadium.
Let us tell you that the T20 format has gained a lot of popularity worldwide and the QCA is excited to bring this exciting match to Qatar.
It will include many talents, like local players and international stars.
It offers a unique opportunity for young Qatari players mainly athletes to gain knowledge from professional coaches and help motivate the next generation of cricketers.
Let us inform our readers that the Qatar Cricket Association (QCA) is the governing body of Cricket in Qatar.
The Company Is Debt-free
Let us tell you that Toyam Sports Limited (TSL) is a leading sports company listed on BSE and MSEI.
Committed to the development and promotion of sports, TSL has a diverse portfolio that includes cricket, tennis, and martial arts (MMA).
TSL is pushing the boundaries of sports entertainment and management at the global level. The stock has a 52-week high of Rs 9.29 while its 52-week low is Rs 3.15.
As of June 2024, only a 0.21 percent stake in the company is owned by FII, and the remaining 99.79 percent stake is held by the public.
The market cap of the company is over Rs 215 crore and as of June 2024, the company is debt-free.
Quick Fact
| Company name | Toyam Sports |
|---|---|
| Focused company shares | Toyam Sports |
| Price increase | 5% |
| Previous close price | ₹3.57 |
| Intraday high price | ₹3.76 |
| Key agreement | With Qatar Cricket Association, Pacific Star Sports LLC, and USC Worldwide Events LLC |
| Major event | Launch of Qatar Pro League 2024 |
| Tournament dates | 10 to 25 October 2024 |
| Location of event | West End Park International Cricket Stadium |
| T20 league purpose | Develop young Qatari athletes |
| FII holding (June 2024) | 0.21% |
| Public holding (June 2024) | 99.79% |
| Market cap | ₹ 215 Cr. |
| Debt status | Debt-free |
| Portfolio includes | Cricket, Tennis, Martial Arts (MMA) |
| Company listed on | BSE, MSEI |
| Possible target price | N/A |
| Company mission | Promote global sports management |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
