East West Freight Carriers soars on entering into service contract with Erhardt

East West Freight Carriers Ltd. | Logistics | Transportation & Logistics | BSE: 540006 | NSE:

18 Nov 2024 Evaluate

East West Freight Carriers is currently trading at Rs. 7.50, up by 0.16 points or 2.18% from its previous closing of Rs. 7.34 on the BSE.

The scrip opened at Rs. 7.60 and has touched a high and low of Rs. 7.75 and Rs. 7.01 respectively. So far 293394 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 11.47 on 18-Dec-2023 and a 52 week low of Rs. 4.81 on 01-Apr-2024.

Last one week high and low of the scrip stood at Rs. 8.20 and Rs. 6.75 respectively. The current market cap of the company is Rs. 95.68 crore.

The promoters holding in the company stood at 60.29%, while Institutions and Non-Institutions held 0.06% and 39.65% respectively.

East West Freight Carriers (EWFCL) has entered into service contract with Erhardt Projects Cargo and Logistics Middle East (Erhardt), UAE. Erhardt is a logistics operator that specialises in the transport of industrial projects and handling of turnkey logistics operations according to the concept of ‘Boutique & Unique’. Backed by its own, engineering, tailor made solutions department, and digitization area, they cater to industries and Sector like Oil & Gas/Refineries, Renewables, Power & Nuclear etc.

Under this service contract, EWFCL will act as Principle Agent of Erhardt in India and provide tailor made logistics support as per their requirement and Erhardt will act as agent of EWFCL in UAE/KSA. The said service contract is expected to generate revenue of approximately Rs 3.5 crore to Rs 4 crore.

East West Freight Carriers is engaged in providing total logistic solution, established in 1976 and has presence in the Indian Freight Forwarding & Logistics space for more than 45 years.

East West Freight Share Price

3.05 -0.04 (-1.29%)

04-May-2026 16:59 View Price Chart

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