Shreeji Translogistics adds new client in full truck load segment

Shreeji Translogistics adds new client in full truck load segment

Indian Market
by 5paisa Research Team Last Updated: 2023-01-19T09:51:14+05:30

Shares of Shreeji Translogistics have surged more than 70% in the last 6 months.

On January 18, 2023, the company informed in the exchange filing that Shreeji Translogistics Ltd has added Uflex Ltd to its existing client base in the full truck load (FTL) segment. Uflex Ltd is one of India’s largest flexible packaging manufacturers and solutions and a leading global polymer sciences corporation.

Commenting on the announcement, the Management team of Shreeji Translogistics Limited said, "We are proud to announce the onboarding of a new company - Uflex Ltd. as our client. This showcases STL’s constant endeavour and steadfast approach to providing extremely customer-centric and value-added services. STL remains confident of maintaining the agility with which it plans to capitalize on more such associations, expand its service offering to newer clients and locations and become the partner of choice to deliver world-class logistics solutions. This contract will yield approximately Rs 40 million in revenues with good earnings and add another marquee client to our existing clientele. With this client addition, our position and dominance in the FTL market continue to become stronger and dominant.”

Today, the stock opened at Rs 441.45 with a high and low of Rs 441.45 and Rs 421.10. The stock is currently trading at Rs 433.50, up by 0.17%.

In the last six months, the shares of the company have given more than 70% returns and on a YTD basis, the stock has given about 1.5% returns. The BSE group 'T' stock has a face value of Rs. 10.

The stock has a 52-week high of Rs 509.10 and a 52-week low of Rs 182.05. The company has a ROCE of 18.2% and an ROE of 25.3%, with a market capitalisation of Rs 446 crore.


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