Following a bulk transaction on Wednesday, the stock of this monopoly company with a 90% market share increased by more than 4% during trading hours. The stock has delivered a 41% return in YTD. The stock price has remained high as a result of strong and rising volume that is greater than usual when compared to the prior day and week.
Dreamfolks Services Ltd
The company belongs to a small-cap category with a market capitalisation of Rs. 2,730 Cr. On Wednesday at 13.55 p.m. company shares were trading 2.6% up at Rs. 515.10 on NSE.
As per the reports, 12.4 lakh shares changed hands in a large trade at Rs. 507.6 per share, which is 2.4% equity, the total value of this transaction of Rs. 62.8 Cr. Sellers and Buyers are not instantly known.
According to the company filing, total consolidated revenue grew by 66% YoY from Rs. 160.4 Cr in Q1 FY23 to Rs. 267.3 Cr in Q1 FY24 and net profit declined by 3.7% YoY from Rs. 13.4 Cr in Q1 FY23 to Rs. 12.9 Cr in Q1 FY24. As of June 2023, the EPS of the company stood at Rs. 2.37.
As per the recent shareholding data, Promoters own 66.02%, DIIs 8.91%, FIIs 11.94%, and the Public 13.13% stake in the company.
Dreamfolks Services Ltd. the company offers travel services. Access to lounges, meet and help, wellness services, food options, and airport retail services are all provided. With a global footprint that reaches more than 1,700 touchpoints in more than 100 countries.
Written by Sheshadri N
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