Shreeji Translogistics rises on opening new vertical of Car Carrier Transportation
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Shreeji Translogistics is currently trading at Rs. 199.45, up by 1.05 points or 0.53% from its previous closing of Rs. 198.40 on the BSE.
The scrip opened at Rs. 188.50 and has touched a high and low of Rs. 205.50 and Rs. 188.50 respectively. So far 8004 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 212.00 on 17-Feb-2022 and a 52 week low of Rs. 43.50 on 01-Oct-2021.
Last one week high and low of the scrip stood at Rs. 205.50 and Rs. 184.00 respectively. The current market cap of the company is Rs. 209.60 crore.
The promoters holding in the company stood at 72.70%, while Institutions and Non-Institutions held NA% and 27.30% respectively.
Shreeji Translogistics has opened up a new vertical of Car Carrier Transportation. Like most other industries, transportation and logistics (T&L) industry is currently confronting immense change and with change comes, both risks and opportunities of new technology, new market entrants, new customer expectations, and new business models.
Hence, to adapt to such changes, the company has set up a new vertical of Car Carrier Transportation under a Strategic Partnership to continue diversification and expansion and to advance in various sectors of logistics. The company transport the finished automobiles i.e., Car from Original Equipment Manufacturers (OEMs) to Dealers providing Last Mile Delivery on specific Car-Carrying Trailers.
Shreeji Translogistics provides logistics services. The company offers truck load transport, parcel delivery, import-export, bonded trucking, warehousing, shipping line container movement, and value added services.
