Stock below Rs 5: Heavy buying witnessed as the stock surges more than 7 per cent today!

The company is confident that this partnership will bring mutual benefits to both their companies and looks forward to a successful collaboration

On Monday, shares of Seacoast Shipping Services surged more than 7.3 per cent to make an intraday high of Rs 3.66.   

The company informed the exchange that it has signed a new business contract with Maria Shipping Fze., Dubai, for providing the shipping and logistic services at Dubai. This new contract marks an important milestone for the company and is a testament to their commitment to provide high-quality services.   

Seacoast Shipping Services is thrilled to be partnering with Maria Shipping Fze., who share their values and vision for the industry which shall translate to an additional revenue of around Rs 100 crore per annum.   

The company is confident that this partnership will bring mutual benefits to both their companies and looks forward to a successful collaboration. They remain committed to upholding the highest standards of quality, professionalism and integrity throughout the duration of the contract.  

Seacoast Shipping Services is providing single window logistics services to exporters and importers. Seacoast started as freight forwarders and shipping agents, in the year 2005 and have grown into a one of the largest freight forwarders in Gujarat. They are among the top 3 freight forwarders handling Agri export commodities exports in containers from Mundra port.  

Keep a close eye on this trending stock.