Cressanda Railway Solutions hits upper circuit as its arm inks distributorship with Bharatiyam Distribution
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Cressanda Railway Solutions is currently trading at upper limit of Rs. 13.30, up by 0.26 points or 1.99% from its previous closing of Rs. 13.04 on the BSE.
The scrip opened at Rs. 12.78 and has touched a high and low of Rs. 13.30 and Rs. 12.78 respectively. So far 4869536 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 28.10 on 14-Dec-2023 and a 52 week low of Rs. 9.55 on 07-Jun-2024.
Last one week high and low of the scrip stood at Rs. 13.84 and Rs. 12.78 respectively. The current market cap of the company is Rs. 562.78 crore.
The promoters holding in the company stood at 0.07%, while Institutions and Non-Institutions held 0.83% and 99.10% respectively.
Cressanda Railway Solutions’ wholly-owned subsidiary -- Cressanda Retail Solutions has entered into an exclusive distributorship with Bharatiyam Distribution (BDPL) for the sale and distribution of CAMPA and associated products within the Northern Zone on Indian Railways. This distributorship covers the sale and distribution of CAMPA, other aerated drinks, energy drinks and juices across the Northern Zone of Indian Railways which spans five major divisions including Delhi, Ambala, Lucknow, Ferozpur, and Moradabad. This covers the states of Haryana, Chandigarh (UT), Uttar Pradesh, Himachal Pradesh, Punjab, Delhi, Jammu & Kashmir, and Uttarakhand.
This expansive network comprises 141 stations and stretches over 6,807 kilometres, including the historic Kalka-Shimla railway line, a UNESCO World Heritage Site. With over 1,926 trains running daily and transporting 22 lakh passengers across this region, Cressanda's exclusive access on this network ensures widespread distribution and brand visibility for the CAMPA brand and its affiliated products.
Cressanda Railway Solutions (Formerly known as 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.
