16-09-2024 12:32 PM | Source: Accord Fintech
Cressanda Railway touches roof as its subsidiary inks distributorship with Patanjali Peya

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Cressanda Railway Solutions is currently trading at upper limit of Rs. 15.46, up by 0.73 points or 4.96% from its previous closing of Rs. 14.73 on the BSE.

The scrip opened at Rs. 15.45 and has touched a high and low of Rs. 15.46 and Rs. 15.43 respectively. So far 4850408 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 28.75 on 15-Sep-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. 15.46 and Rs. 12.09 respectively. The current market cap of the company is Rs. 654.18 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’ subsidiary -- Cressanda Retail Solutions has entered into an exclusive distributorship with Patanjali Peya. This distributorship covers the distribution of the Divya Jal brand of packaged drinking mineral water across the state of West Bengal, as well as specifically within the Railway zones of South-Central and Southern Railways.

Cressanda Retail is currently distributing over 150,000 cases i.e., 18,00,000 bottles of Aqua Diamond mineral water monthly across the eastern zone of Indian Railways. This new partnership with Patanjali Peya represents a strategic expansion and reinforces its commitment to establishing India’s most efficient food and beverage distribution network. This collaboration will leverage the extensive reach of its parent company, Cressanda Railway Solutions, within the vast Indian Railways network.

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.