Shreeji Translogistics adds new client in full truck load segment

Shreeji Translogistics adds new client in full truck load segment

by 5paisa Research Team Last Updated: Jan 19, 2023 - 09:51 am 3.7k Views
Listen icon

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.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.