Cressanda Solutions rises on bagging order for in-coach digital advertising in Kolkata Metro
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Cressanda Solutions is currently trading at Rs. 30.55, up by 0.25 points or 0.83% from its previous closing of Rs. 30.30 on the BSE.
The scrip opened at Rs. 30.30 and has touched a high and low of Rs. 31.60 and Rs. 30.25 respectively. So far 297536 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 51.20 on 06-May-2022 and a 52 week low of Rs. 4.78 on 27-Jan-2022.
Last one week high and low of the scrip stood at Rs. 33.40 and Rs. 30.25 respectively. The current market cap of the company is Rs. 1223.38 crore.
The promoters holding in the company stood at 0.08%, while Institutions and Non-Institutions held 0.10% and 99.82% respectively.
Cressanda Solutions has bagged prestigious order for in-coach digital advertising in the Kolkata Metro for a period of 5 years. The contract is renewable for an additional 5 years. The company aims to serve 7-8 lakh passengers daily with an annual target of 15 crore passengers and above. The company is in advance stages for the contract for providing in-coach wi-fi services.
In September 2022, Cressanda Solutions applied to the Ministry of Railways for Non-Fare Revenue (NFR) proposals to provide comprehensive services to the South-Eastern Railway (SER), including Wi-Fi, advertising, pick up and drop services and above all, moving. Infotainment services in trains offer preloaded multilingual content including movies, news, music videos and general entertainment through buffer-free media servers installed inside the coaches.
Cressanda Solutions offers a host of IT, Digital Media and IT Enabled services. Cressanda is a software development company that provides middleware products, systems integration services and bespoke software solutions.
