East West Holdings surges as its arm secures contract from Indian Institute of Petroleum, Dehradun
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East West Holdings is currently trading at Rs. 4.91, up by 0.13 points or 2.72% from its previous closing of Rs. 4.78 on the BSE.
The scrip opened at Rs. 4.98 and has touched a high and low of Rs. 4.98 and Rs. 4.61 respectively. So far 4310 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 10.74 on 16-Mar-2022 and a 52 week low of Rs. 4.34 on 15-Mar-2023.
Last one week high and low of the scrip stood at Rs. 5.29 and Rs. 4.34 respectively. The current market cap of the company is Rs. 60.68 crore.
The promoters holding in the company stood at 59.87%, while Institutions and Non-Institutions held 8.66% and 31.47% respectively.
East West Holdings’ Wholly owned Subsidiary -- East West Freight Carriers has secured a contract for 1 year from The Indian Institute of Petroleum, Dehradun which is one of the 37 constituent laboratories of the Council of Scientific and Industrial Research, dedicated to R&D in the hydrocarbon sector. Under this contract, the company will provide Customs Clearance Services to The Indian Institute of Petroleum, Dehradun. This one-year contract with The Indian Institute of Petroleum, Dehradun is expected to generate Rs 1.5 crore revenue to the company.
East West Holdings through its 100% subsidiary East West Freight Carriers provides total Logistic solutions including Air, Ocean Freight Forwarding Operation and Road Transportations.
