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2026-04-07 12:11:54 pm | Source: Accord Fintech
PDS jumps on entering SaaS contract with US based value retailer
PDS jumps on entering SaaS contract with US based value retailer

PDS is currently trading at Rs. 326.40, up by 37.05 points or 12.80% from its previous closing of Rs. 289.35 on the BSE.

The scrip opened at Rs. 299.65 and has touched a high and low of Rs. 328.65 and Rs. 297.90 respectively. So far 126146 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 464.90 on 19-May-2025 and a 52 week low of Rs. 246.00 on 23-Mar-2026.

Last one week high and low of the scrip stood at Rs. 328.65 and Rs. 266.05 respectively. The current market cap of the company is Rs. 4570.70 crore.

The promoters holding in the company stood at 61.40%, while Institutions and Non-Institutions held 9.01% and 29.60% respectively.

PDS has entered a Sourcing as a Service (SaaS) contract with a leading US based value retailer. Under this engagement, PDS will provide support through its end-to-end sourcing capabilities, leveraging its global network across vendor management, compliance, and supply chain execution. The customer, a leading value retail chain in the United States with a strong presence across urban and rural markets, offers a wide assortment of everyday essentials including consumables, apparel, home products, and seasonal merchandise at value price points, serving a broad customer base. The contract is expected to drive sourcing volumes of around Rs 450 crore (around $50 million), with potential to scale up gradually.

The engagement will be executed through PDS subsidiary, GSCL under the leadership of Michael Yee, who will play a key role in driving execution. Having been onboarded onto the PDS platform over the past year, Michael Yee, through GSCL, is leading PDS’ efforts to scale its US business, with a focus on deepening customer engagement and strengthening PDS’ strategic inroads into the US market. The onboarding of this contract represents a meaningful step in that direction, aligned with the Group’s strategy of strengthening its presence in key markets through on-ground leadership and execution capabilities.

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