On Thursday the stock of this monopoly company with a 90% market share gained upto ~2% in the trading hours after entering into the partnership. The stock price remains high because of strong and rising volume that is greater than usual compared to the previous day and week.
Dreamfolks Services Ltd
Small-cap firm Dreamfolks Services Ltd. has a market capitalisation of Rs. 2,699 Cr. On Thursday the stock closed 0.75% up at Rs. 504.95 on BSE.
According to the company filing, Dreamfolks and leading Visa service provider collaborate to offer premium lounges and doorstep visa services.
As per the company filing, the total consolidated revenue grew by 66% from Rs. 160.4 Cr in Q1 FY23 to Rs. 267.3 Cr in Q1 FY24 and net profit declined by 3.7% from Rs. 13.4 Cr in Q1 FY23 to Rs. 12.9 Cr in Q1 FY24.
According to the latest shareholding data, Promoters hold 66.02%, Public hold 13.13% FIIs hold 11.94% and DIIs hold 8.91% stake in this company.
India’s top airport services aggregator, DreamFolks, offers a proprietary technology platform that enables its customers, including banks, card networks, airlines, online travel agencies, and businesses, to design unique products and services for their customers and has a worldwide footprint that reaches more than 1,700 touchpoints in more than 100 nations.
Written by Sheshadri N
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