Tips Music Ltd Share Price – NSE /  BSE

Entertainment, Small Cap

Tips Music Ltd is up for a third straight session today. The stock is quoting at Rs 892.85, up 1.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 24305.45. The Sensex is at 80338.23, up 0.42%. Tips Music Ltd has gained around 6.84% in last one month.

Meanwhile, Nifty Media index of which Tips Music Ltd is a constituent, has gained around 1.33% in last one month and is currently quoting at 1943.1, up 0.72% on the day. The volume in the stock stood at 1.74 lakh shares today, compared to the daily average of 2.81 lakh shares in last one month.

The PE of the stock is 74.1 based on TTM earnings ending September 24.

Powered by Capital Market - Live News

TIPS Music announced a direct, strategic partnership to promote its music library on TikTok. This partnership will enable music lovers, Non-Resident Indians (NRIs) and expatriates, to access and engage with TIPS Music's rich and diverse music collection on the popular short-form video platform.

The agreement between TIPS Music and TikTok aims to meet the increasing demand for Indian music among global audiences. The collaboration ensures TikTok users across multiple regions will have seamless access to the wide range of TIPS Music's library, featuring genres from Bollywood classics to regional language hits, strengthening the existing cultural connection and expression through music.

Powered by Capital Market - Live News

This partnership will allow music lovers, NRIs, and expatriates to access and enjoy TIPS Music's diverse collection on the popular short-form video platform.

TIPS Music has partnered with TikTok to meet the growing global demand for Indian music. This collaboration provides TikTok users worldwide with seamless access to TIPS Music’s diverse library, including Bollywood classics and regional hits, enhancing cultural connection through music.

Kumar Taurani, Managing Director of TIPS Music, stated, “We have seen an increased consumption of Indian music globally. Several existing TikTok trends hold testament to it. This direct strategic partnership with ByteDance marks an important step in expanding the global footprint and engagement of TIPS Music. The TikTok platform has a massive audience base, and this deal improvises the discovery of our music. I would like to thank TikTok and our CEO, Hari Nair, for weaving this direct deal.”

Tips Industries is engaged in the acquisition and exploitation of music rights.

The company reported a 21.46% increase in net profit to Rs 48.16 crore in Q2 FY25 as against Rs 39.65 crore posted in Q2 FY24. Revenue from operations jumped 32.42% year on year to Rs 80.61 crore in the quarter ended 30 September 2024.

Powered by Capital Market - Live News

Net profit of Tips Music rose 21.46% to Rs 48.16 crore in the quarter ended September 2024 as against Rs 39.65 crore during the previous quarter ended September 2023. Sales rose 32.43% to Rs 80.61 crore in the quarter ended September 2024 as against Rs 60.87 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News