East West Freight Carriers gains on entering into service contract with AGI
East West Freight Carriers is currently trading at Rs. 6.50, up by 0.04 points or 0.62% from its previous closing of Rs. 6.46 on the BSE.
The scrip opened at Rs. 6.64 and has touched a high and low of Rs. 6.64 and Rs. 6.40 respectively. So far 22898 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 9.50 on 02-Jul-2024 and a 52 week low of Rs. 4.81 on 01-Apr-2024.
Last one week high and low of the scrip stood at Rs. 7.28 and Rs. 6.40 respectively. The current market cap of the company is Rs. 83.05 crore.
The promoters holding in the company stood at 60.29%, while Institutions and Non-Institutions held 0.06% and 39.65% respectively.
East West Freight Carriers (EWFCL) has entered into service contract with Abyssinia Group of Industries (AGI) one of East Africa's Premier steel manufacturers, renowned for its extensive production capabilities and high-quality products.
AGI have appointed East West Freight Carriers (EWFCL) as freight forwarder of choice for Annual Movement of Consumable for the year 2025 for their newly commissioned factory. This Logistic Support service contract with AGI is expected to generate revenue of around Rs 7.5 crore.
East West Freight Carriers is engaged in providing total logistic solution, established in 1976 and has presence in the Indian Freight Forwarding & Logistics space.
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