Palred Technologies gains on inaugurating South Indian fulfillment center in Andhra Pradesh

20 Feb 2018

Palred Technologies is currently trading at Rs. 91.30, up by 1.25 points or 1.39% from its previous closing of Rs. 90.05 on the BSE.

The scrip opened at Rs. 90.60 and has touched a high and low of Rs. 92.45 and Rs. 90.00 respectively. So far 6951 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.80 on 24-Mar-2017 and a 52 week low of Rs. 80.50 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 104.10 and Rs. 89.40 respectively. The current market cap of the company is Rs. 89.30 crore.

The promoters holding in the company stood at 37.78%, while Institutions and Non-Institutions held 8.72% and 53.40% respectively.

Palred Technologies (PTL), through its subsidiary - Palred Technology Services, has inaugurated its South Indian fulfillment center in Kurnool, in the Rayalaseema region of Andhra Pradesh. PTL, headquartered in Hyderabad, owns and operates LatestOne.com, an e-commerce portal specializing in mobile and tech accessories. LatestOne.Com has been the only online retailer / e-commerce company operating from Hyderabad and now becomes the first company to setup an e-commerce back-end fulfillment center in the Rayalaseema Region.

Palred Technologies is a provider of software solutions for transportation and logistics industry. It offers solutions in the areas of freight forwarding industry, customs brokerage, contract logistics, shipper logistics and services. The firm also provides services like consulting, software development and system integration and implementation.

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