The shares of this microcap logistics stock engaged in providing integrated services including transportation, warehousing, material handling, and freight forwarding, jumped 16 percent after bagging an order of Rs 7 crore from Mother Dairy.
Stock Performance
With a market capitalization of Rs 70.46 crore, Pranik Logistics Ltd surged 16 percent to an intraday high of Rs 69 per share in Tuesday’s trading session as compared to its previous closing price of Rs 59.25 per share. The shares retraced from the day’s high and were trading at Rs 64, marking an 8 percent increase.
What Happened
Pranik Logistics Ltd has secured the tender for an ARC of Piece Rate Contract Pulp Frozen at the Ranchi unit. The contract has been awarded by a domestic entity, Mother Dairy. The execution period for the contract is from April 1, 2025 to March 31, 2026. The estimated order stands at Rs 7 crores.
Company Overview
Pranik Logistics, operates as a PAN-India logistics provider, delivering integrated solutions like transportation, warehousing, material handling, and freight forwarding. It caters to clients across retail, consumer durables, telecom, manufacturing, and pharmaceutical sectors.
Financials
When looking at the financial statements, the company reported a 48 percent growth in revenue from Rs 31 crore to Rs 46 crore during H1 FY24-25. This was accompanied by a 200 percent increase in net profits from Rs 1 crore to Rs 3 crore during the same period.
Written by Shwetha Sairam
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