Share price of this micro-cap IT stock moved up by 5% on BSE to Rs. 18.38 in the morning trading session of Wednesday, compared to its previous closing price of Rs. 17.51, after receiving an order from the Election Commission of India.
With a market cap of Rs. 777.3 crore, at 11:56 a.m., the shares of Cressanda Railway Solutions Limited were trading in the green at Rs. 18.38, up by 4.97 percent.
According to the latest regulatory filings with the BSE, the Election Commission of India (ECI) has selected Cressanda Railway Solutions Limited as its agency to promote the Outdoor Media Election Campaign through external wrap on the passenger trains of Eastern Railways.
For the first time in the history of its Outdoor Media Election Campaign, ECI has ventured to promote Voter Awareness through External Wrap on Trains.
The trains of the company selected by the ECI will pass through multiple states of India, allowing the Commission to promote voter awareness across the country through increased visibility.
In terms of financials, the company’s revenue from operations increased by 296.3 percent YoY from Rs. 26.64 crore in Q3 FY22-23 to Rs. 105.59 crore in Q3 FY23-24.
The net profit of the company also increased by 164.2 percent to Rs. 5.68 crore in Q3 FY23-24 from Rs. 2.15 crore in Q3 FY22-23.
As of January 2024, FIIs hold 0.6 percent of the shares, whereas DIIs hold 0.02 percent of the shares in the company, aggregating to 0.62 percent of the institutional holdings.
In the last six months, Cressanda Railway has delivered negative returns of about 21.4 percent and nearly 25.1 percent in the last one year. So far in 2024, it has given negative returns of around 28.1 percent.
Incorporated in 1985, Cressanda Railway Solutions Limiter, formerly known as Cressanda Solutions Limited, is a leading company in the Railway Concierge service sector.
The company is engaged in the business of offering advanced solutions related to conventional and digital media as well as technology-enabled services.
Written by Shivani Singh
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