Railway Penny Stock Under Rs 15 Hit Upper Circuit as Company Lands Prestigious Contracts for High-Impact Train Wrap Advertising with Maharashtra Tourism and Bureau of Indian Standard
From Rs 0.19 per share to Rs 14.73 per share, the stock returned 7,653 per cent in just 5 years.
Cressanda Railway Solutions Limited has secured notable contracts from two distinguished clients: the Directorate of Tourism, Maharashtra, and the Bureau of Indian Standards. These contracts involve the installation of external wraps on 16 express trains and 1 express train, respectively.
The selected trains are premium, long-distance services, catering to high-end passengers travelling to various destinations. The use of transit media for promotion highlights a strategic choice by these government organizations to reach a broad audience through visible and impactful advertising. This initiative aims to effectively promote new campaigns and enhance public awareness.
Earlier Update
Mastermind Advertising Private Ltd, a subsidiary of Cressanda Railway Solutions Ltd, has announced its sponsorship of the Uttarakhand Metro Rail/PRT/Ropeway Project Investors Summit "B2B". This summit, organized by IFET Global Ventures Private Limited, aims to attract foreign investment and foster business collaborations in Uttarakhand's infrastructure development. Cressanda is also introducing a new farming technology and has partnered with Shaurrya Teleservices Pvt Ltd to provide Wi-Fi and COD services on Eastern Railway trains. Additionally, the company has commenced wheelchair services at Howrah station and acquired the Rail Services App to improve accessibility for passengers.
Financial Performance
In Q1FY25, Cressanda Railway Solutions Ltd reported a 23.7 per cent increase in revenue, reaching Rs 17.48 crore, compared to Rs 14.13 crore in Q1FY24. The company's net profit saw substantial growth, reaching Rs 2.02 crore, up from Rs 12 lakh in Q1FY24. For FY 2023-24, the company reported a net profit of Rs 13.80 crore and revenue from operations of Rs 204.66 crore.
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About Cressanda Railway Solutions Ltd
Cressanda Railway Solutions Ltd is dedicated to improving the railway travel experience through innovative digital solutions and concierge services. Recent initiatives include providing Wi-Fi and COD services on Eastern Railway trains, introducing wheelchair services, and offering pick-up & drop services and on-board sales of non-catering items.
On Friday, shares of Cressanda Solutions Limited hit a 5 per cent upper circuit to Rs 14.73 per share from its previous closing of Rs 14.03. The stock has a 52-week high is Rs 29.28 and a 52-week low of Rs 9.55. The shares of the company saw a spurt in volume by more than 2.51 times on BSE.
The company is a Small-Cap having a market cap of Rs 623.29 crore. From Rs 0.19 per share to Rs 14.73 per share, the stock returned 7,653 per cent in just 5 years. Investors should keep an eye on this railway penny stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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