SmallCapFirm
(LYT) Shoots Vertically On Breaking "LYTUS STUDIOS" Launch News (Up Approx. 10% - Urgent Update)
September 14th
SCF Readers,
Huge breaking news this morning!
LYT is attracting a ton of attention early today on their news of launching a new content creation and tech services business in the U.S.
Up approximately 10% right now, LYT could be trending towards becoming a major breakout target.
Take a look at the news now:
LYTUS TECHNOLOGIES LAUNCHES LYTUS STUDIOS
Mumbai, India, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Lytus Technologies announces the set up and launch of LYTUS STUDIOS in the USA for its content creation and technology services that will serve global markets. LYTUS STUDIOS plans to offer cutting edge creative services along with specialized technology infrastructure for film, video, series, commercials, events, corporate and digital industries. LYTUS STUDIOS will combine next age technology that will bring together VR (Virtual Reality), AR (Augmented Reality), MR (Mixed Reality) into a composite XR (Extended Reality) for film & video entertainment.
The setting up of Lytus Studios is a natural progression for LYTUS Technologies to serve its own content needs and to take forward its vision of transforming customer experiences with technology. With Lytus Technologies' existing customer network in India and associations in Asia, Middle East & Europe, the company plans to provide content services in the USA and in all major entertainment markets of the world.
LYTUS STUDIOS is also building a unique video streaming service, LYTUS PLAY. This service will initially be offered to Lytus Technologies’ current million + users in India while launching the service concurrently in the USA. LYTUS PLAY will feature advanced personalization technology where users can feed their health goals with preferences and get curated programs and content to manage their lifestyle. LYTUS STUDIOS will be producing all the original content for the LYTUS PLAY streaming platform in its Hollywood studios. LYTUS STUDIOS will partner and collaborate with some of the best organizations in the USA that are leaders in technology and creative content creation.
Lytus Technologies CEO Dharmesh Pandya said, “We are very keen to expand technology services that are transformative. With LYTUS STUDIOS we will be able to enhance the entertainment experience of our global customers by creating curated content for our upcoming platforms and for the global entertainment world.”
Lytus Technologies - Director, Rajeev Kheror added, “Film & video content markets are changing and top-quality content is a necessity for market share. LYTUS STUDIOS will create cutting edge content and serve the best industry standards of global entertainment by merging creativity and technology with our full-fledged infrastructure facilities. The company already has a content pipeline for its upcoming streaming service that will be created at these studios.”
Read the full article here.
Remember, this is a low float idea.
With Yahoo Finance reporting fewer than 9Mn shares in LYT's float, this could become a volatile situation today follow's this huge news.
Drop everything to read my initial report below and get LYT front and center before it's too late.
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There's zero time to spare. Right now, focus needs to be on one specific Nasdaq idea for Thursday's opening bell.
As key technicals have sunk to oversold levels, a potential bounce/reversal could be in the cards for this profile.
After watching 2 breakout ideas catch fire in September, this low float (approx. than 8.57Mn shares) Nasdaq idea could be our 3rd to turn heads.
If you're new, you missed September 7th's alert run from an open of $.535 to a high of $.6512 for a surge of approximately 21% intraday.
That was followed by this week's kickoff stunner which exploded from this past Friday's close of $.62 to a high of $1.28 Monday.
Allow me to do the math...
That's an approximate run of 106%. Wow.
But like I said, we've got a different breakout idea to focus on right now.
Recently, this company announced a game-changing product launch that could help propel their influence to the top of a booming Indian Fintech market predicted to reach $2.1Tn by 2030.
And as I mentioned above, oversold technicals including a 9-Day and 14-Day Relative Strength Index both below 38% at close Wednesday, might just suggest this profile to be undervalued from current levels.
The clock's officially ticking. Drop everything and pull up:
*Lytus Technologies Holdings PTV. Ltd. (LYT)*
Lytus Technologies Holdings PTV. Ltd. is a growing platform services company. The Company’s business model consists primarily of distribution of linear content streaming/telecasting services and development of telemedicine products.
And based on several potential catalysts, LYT needs to be at the top of your watch-list now. Check them out:
No. 1 - With A Low Float, Volatility Will Need To Be On Watch (Closely)
No. 2 - LYT Dives Head-first Into The Fintech Sector With New Game-changing Launch
No. 3 - Could These Oversold Leaning Technicals Suggest A Healthy Reversal Is Nearing?
No. 4 - A Corporate Update Provides Clarity On What Could Be A Very Bright Future
No. 5 - An Explosive Chart History Is Must-See Stuff (Major Short Term Mover Capability)
But more on those in a second...
LYTUS Technologies' Company Vision
Transformation is key for making a better world and LYTUS makes this easier. At LYTUS we believe advancing technology comes with many spheres to improve the human experience. LYTUS' goal is to super-serve customers by combining multiple service domains into a unified LYTUS lifestyle platform that gives customers entertainment, information, healthcare, and fi-nan-cial freedom.
LYTUS is a rapidly growing Platform IT services company. It currently has over 4 million active viewers and users in India with an accelerated user growth model by combining its growing online content and streaming service.
LYTUS focuses on advancing technologies in media, entertainment, healthcare, and fi-nan-cial services to improve customer experiences worldwide. With an established and expanding customer base in India, LYTUS is soon launching platform services in the U.S. and Middle East.
Why LYTUS Technologies?
Established customer base in two of the biggest high growth markets: the US and India.
Strong business model, repeatable and scalable across geographies.
Unique customer conversion strategy, sub.scriber growth and additional value-added services.
Present CAGR (streaming business) greater than 5%, expected CAGR (streaming and telemedicine business) approximately at 18%.
Company Overview
Sub.scriber-based cable streaming company with stable growth and strong tech team. Providing a comprehensive and diversified range of bundled offerings across healthcare, fintech and streaming segments.
Fintech platform services for sub.scriber-based technology entities for our sub.scribers and advertising entities in India.
Developing post-production technology labs with patented technology workflow for 4 K & 8 K resolution, servicing all major.
Hollywood studios; along with a high-end physical production studio for content creation in Hollywood.
Transforming a nationally distributed American TV Network and OTT, in the U.S.
Strong healthcare technology business with device integration for remote patient care and partnerships with existing hospital networks.
Strong revenue base through a sub.scription model and advertising income in India. Developing technology platform services and generating revenues in the United States and in India.
Company Highlights
