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East West Holdings surges on securing tender contract from IISC Bengaluru

22 Mar 2023 Evaluate

East West Holdings is currently trading at Rs. 4.54, up by 0.04 points or 0.89% from its previous closing of Rs. 4.50 on the BSE.

The scrip opened at Rs. 4.50 and has touched a high and low of Rs. 4.63 and Rs. 4.28 respectively. So far 75128 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 10.60 on 07-Apr-2022 and a 52 week low of Rs. 4.31 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 4.98 and Rs. 4.28 respectively. The current market cap of the company is Rs. 56.01 crore.

The promoters holding in the company stood at 59.87%, while Institutions and Non-Institutions held 8.66% and 31.47% respectively.

East West Holdings through wholly owned subsidiary East West Freight Carriers has been awarded a tender contract for 2 years by The Indian Institute of Science (IISC), Bengaluru which is ranked as India's top University and Research institution.

Under this 2 years tender contract, the company will provide clearing and freight forwarding Services to IISC, Bengaluru. This 2 years tender contract with IISC, Bengaluru is expected to generate Rs 5 crore revenue per year.

East West Holdings through its 100% subsidiary East West Freight Carriers provides total Logistic solutions including Air, Ocean Freight Forwarding Operation and Road Transportations. 

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