Penny Stock Under Rs 10 in Focus as Company Enters Into Service Contract with Columbia Transport S.R.L. Italy
The stock is down by 38 per cent from its 52-week high of Rs 11.47 per share while the stock is up by 47.4 per cent from its 52-week low of Rs 4.81 per share.
Today, shares of East West Freight Carriers Limited (earlier known as East West Holdings Ltd) gained 1 per cent to Rs 7.09 per share same as its previous closing of Rs 7.02 per share.
East West Freight Carriers Limited has entered into service contract with one of the reputed international freight forwarders, Columbia Transport S.R.L., Italy. Under this service contract the Company will be providing total Logistic solutions to Columbia Transport 5.R.L. Italy and this is expected to generate revenue of approx. Rs 10 to 15 million.
Columbia Transport S.R.L. Italy is a full-service international freight forwarder, specializing in shipping commercial cargo from and to Italy by air and by ocean. They have selected East West Freight Carriers Limited their Logistic Parmer to provide them freight services around the globe.
East West Freight Carriers Limited, a seasoned player in the Indian Freight Forwarding & Logistics industry, has been operating since 1976. With a rich legacy of over 45 years, the company provides top-notch global logistics and freight forwarding services. By embracing technological advancements and fostering strong relationships with industry bodies like LALA, FLATA, FFFAL, ACCAL, DACCAL, BCBA, and FIEQ, EWECL ensures seamless operations. Their extensive network of global airline and shipping line partnerships enables them to offer competitive pricing, efficient transit times, and reliable delivery solutions. Whether it's air freight, FCL, LCL, or specialized project cargo, EWECL caters to diverse client needs with tailored solutions and round-the-clock support.
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According to Quarterly Results, the net sales increased by 69 per cent to Rs 92.73 crore in Q1FY25 compared to net sales of Rs 54.87 crore in Q1FY24. The company reported a net profit of Rs 0.70 crore in Q1FY25 compared to a net profit of Rs 0.04 crore in Q1FY24, an increase of 1,650 per cent. In its annual results, the company reported net sales of Rs 208 crore in FY24 compared to net sales of Rs 250 crore in FY23. The company reported a net profit of Rs 7 crore in FY24 compared to a net loss of Rs 1 crore in FY23, an increase of 800 per cent.
East-West Holding Limited a micro-cap company has a market cap of over Rs 90 crore. The stock is down by 38 per cent from its 52-week high of Rs 11.47 per share while the stock is up by 47.4 per cent from its 52-week low of Rs 4.81 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.