Promoters bought 44,86,164 shares in FY24: Heavy buying in this penny stock at Rs 7.66 from logistics industry; Hit 20 per cent upper circuit
In March 2024, the promoters bought 44,86,164 shares and increased their stake to 61.28 per cent compared to 59.87 per cent in March 2023.
Today, shares of East West Holdings Ltd hit 20 per cent upper circuit to an intraday high of Rs 7.66 per share from its previous closing of Rs 6.39 per share. The company's shares saw a spurt in volume by more than 1.10 times on BSE.
East-West Holding Limited provides logistics and allied solutions through its wholly-owned subsidiary East West Freight Carriers Limited. The Company provides services in the trade of Global Logistics and Freight Forwarding. The company has a total investment of 40 crores in its subsidiary. East-West Holding Limited a micro-cap company has a market cap of over Rs 90 crore.
Consolidated Results
According to Quarterly Results, the net sales increased by 27.4 per cent to Rs 68.08 crore in Q4FY24 compared to net sales of Rs 53.43 crore in Q4FY23. The company reported a net profit of Rs 6.29 crore in Q4FY24 compared to a net profit of Rs 0.10 crore in Q4FY23, an increase of 6,190 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.
Also Read: Rs 58,415 crore order book: This multibagger engineering & construction company bags new order worth Rs 2,333 crore
Standalone Results
According to quarterly results, the net sales increased by 29 per cent to Rs 65.15 crore in Q4FY24 compared to net sales of Rs 50.53 crore in Q4FY23. The company reported a net profit of Rs 6.15 crore in Q4FY24 compared to a net loss of Rs 0.02 crore in Q4FY23, an increase of 30,850 per cent. In its annual results, the net sales increased by 1,065 per cent to Rs 198 crore in FY24 compared to net sales of Rs 17 crore in FY23. The company reported a net profit of Rs 6 crore in FY24 compared to a net loss of Rs 1 crore in FY23, an increase of 700 per cent.
The stock is down by 33.22 per cent from its 52-week high of Rs 11.47 per share while the stock is up by 86.4 per cent from its 52-week low of Rs 4.11 per share. In March 2024, the promoters bought 44,86,164 shares and increased their stake to 61.28 per cent compared to 59.87 per cent in March 2023.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
From Rs 3.83 to Rs 9.20 per share: Multibagger micro-cap logistics stock gains 140 per cent in just 283 days, scrip hit back-to-back upper circuit!
-
Board likely to raise Rs 200,00,00,000 via QIP after 3:1 bonus share: Multibagger penny stock Rs 86.56 hit 20 per cent upper circuit and saw volume breakout
-
Multibagger heavy electrical equipment stock at Rs 2.29 hit 10 per cent upper circuit on July 02 with spurt in volume by more than 4 times on BSE
-
4:1 bonus shares in FY24; Rs 2,460 crore order book & FIIs bought 3.27 per cent stake: Multibagger engineering stock at Rs 19.38 hit upper circuit on July 02
-
Heavy buying was witnessed in this multibagger penny stock at Rs 29.58; Hit back-to-back upper circuits
-
From 52-week low to 52-week high in just 140 days: Multibagger solar pumps manufacturing stock hit 20 per cent upper circuit; Here’s why!
-
Turnaround net profit after 3 years: Only buyers in this PFC & REC-backed multibagger power stock under Rs 20; Scrip hit upper circuit
-
Heavy buying in this penny stock at Rs 8.10 from logistics industry; Gains over 10 per cent & promoters bought over 44 lakh shares in FY24
-
Ashish Kacholia’s portfolio stock hit upper circuit & 52-week high as the company strengthens its portfolio with acquisitions of Starmangalsutra and Sparkling Chains
-
Penny stock under Rs 10 hit 10 per cent upper circuit as this IT-company bags new order worth Rs 74.32 crore from NewSpace India Limited (NSIL)
-
Heavy buying in this LIC-backed multibagger wind energy stock at Rs 51.34 with largest ever over book of 4-Gigawatts; hit 5 per cent upper circuit on June 20
-
Triple Bonanza! Board likely to announce bonus shares, stock split & interim dividend: Stock hit 20 per cent upper circuit!
-
2,500 per cent returns: Multibagger EV loan provider stock at Rs 133.80 hit 10 per cent upper circuit with heavy volume on BSE on June 20, 2024
-
Penny stock at Rs 10.17 hit 20 per cent upper circuit as company projects 30 per cent revenue increase in 2024-25
-
20:119 Rights Issue & 1:1 Bonus Share: LIC-backed multibagger penny stock at Rs 4.74 hits back-to-back upper circuits with heavy volume!
-
Promoter bought 11,63,016 shares of this multibagger penny stock below Rs 15; Scrip hits 20 per cent upper circuit & 52-week high!
-
Heavy Buying & Directors bought 50,000 shares: Multibagger penny stock under Rs 25 hit 5 per cent upper circuit today; PAT zooms over 2,500 per cent!
-
10:1 Stock Split: Back-to-back upper circuits in this multibagger logistics stock at Rs 44.94; FIIs bought 7.97 per cent stake in FY24
-
Reliance Group-backed multibagger penny stock at Rs 28.67 was locked in upper circuit as the company becomes debt-free on a standalone basis!
-
Penny stock at Rs 1.70 hit 20 per cent upper circuit & fresh 52-week high with heavy volume breakout; Reports turnaround net profit of Rs 1.74 crore after 5 years!