Penny stock under Rs 5: This small-cap company secured a contract worth Rs 1.50 crore!
The company reported a net loss of Rs 0.13 crore in FY21, it skyrocketed to Rs 2.83 crore in FY22. Â Â
East West Holdings Limited (Through Wholly owned Subsidiary (WOS) East West Freight Carriers Limited) have secured a contract for 1 year from The Indian Institute of Petroleum, Dehradun which is one of the 37 constituent laboratories of the Council of Scientific and Industrial Research, dedicated to R&D in the hydrocarbon sector.
This 1-year contract with The Indian Institute of Petroleum, Dehradun is expected to generate Rs 1.50 crore in revenue for the company.
East-West Holding Limited is engaged in providing 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 crore in its subsidiary.
East-West Holding Limited, a Small-Cap company, has a market cap of Rs 56.01 crore. In FY22, net sales rose by 42.35 per cent over FY21. The company reported a net loss of Rs 0.13 crore in FY21, it skyrocketed to Rs 2.83 crore in FY22.
Today, shares of East-West Holding Limited surged 4.18 per cent to an intraday high of Rs 4.98 per share from its previous closing of Rs 4.78. At 03:30 pm, shares of the company were locked in the lower circuit, down 5 per cent to Rs 4.55 per share. Investors should keep an eye on this small-cap stock.