1,000 per cent returns: This micro-cap company broadens its horizon with inclusion of Cathay Pacific Airways Limited; share jumps 7.50 per cent!
The stock is up by 60 per cent in 1 year, generated multibagger returns of 660 per cent in 2 years and over 1,000 per cent in 3 years.
Shreeji Translogistics Limited (STL), a diversified end-to-end logistics service provider which has grown to become one of the large integrated national logistical solution providers in India, has successfully signed a new contract with Cathay Pacific Airways Limited, a multinational company with a global presence in the aviation industry.
Commenting on the announcement, the Management team of Shreeji Translogistics Limited, stated:
“We are glad to welcome Cathay Pacific Airways Limited, as our valued client. This partnership stands as a clear testament to STL's unwavering dedication to delivering customer-centric and value-added logistics services. Our continuous efforts have paid off, and we are delighted to embark on this journey with such a reputable and global company.
The collaboration between STL and Cathay Pacific is poised to bring mutual benefits to both parties, and we anticipate a long and successful partnership. This significant client win is expected to generate better yields, reinforcing our position as a dominant player in the bonded trucking market which will further strengthen our market presence.
Further, we take pride in our capacity to adapt to the ever-evolving demands of the market and remain steadfast in our pursuit of delivering exceptional results for our valued customers. With this client wins, we are optimistic about seizing the opportunities that lie ahead in the logistics industry and continue providing unparalleled logistics services to all our valued clients.”
On Wednesday, shares of Shreeji Translogistics Ltd surged 7.50 per cent to an intraday high of Rs 70 per share. At the closing bell, shares of the company were trading at Rs 68.06, up 4.56 per cent.
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Recently, the company announced a stock split wherein it will be converting equity shares with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each with the record date set as Wednesday, February 15, 2023.
The company reported positive results in its quarterly and annual consolidated financial statements. The company has a market cap of Rs 360 crore with a 1-year CAGR of 50 per cent.
The stock is up by 60 per cent in 1 year, generated multibagger returns of 660 per cent in 2 years and over 1,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.