East West Freight Carriers moves up on entering into service contract with Raymond Lifestyle
East West Freight Carriers is currently trading at Rs. 7.82, up by 0.02 points or 0.26% from its previous closing of Rs. 7.80 on the BSE.
The scrip opened at Rs. 8.19 and has touched a high and low of Rs. 8.19 and Rs. 7.61 respectively. So far 127841 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. 8.19 and Rs. 7.23 respectively. The current market cap of the company is Rs. 99.76 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 has entered into service contract with Raymond Lifestyle. Under this service contract, the company will be providing total Logistic solutions to Raymond Lifestyle as well as to their group companies and this is expected to generate revenue of around Rs 20 crore.
Raymond Lifestyle is a leading Fashion and Retail company with iconic men’s fashion brands and a vast retail network. Raymond is the largest integrated textile company in the world and exports its suits to more than 60+ countries. They have selected East West Freight Carriers as their Authorised CHA for clearance of goods and to provide Logistic/ Freight services.
East West Freight Carriers is engaged in providing total logistic solution, established in 1976 and has presence in the Indian Freight Forwarding & Logistics space.
