{"id":133278,"date":"2024-09-11T16:46:26","date_gmt":"2024-09-11T11:16:26","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=133278"},"modified":"2024-09-11T16:59:01","modified_gmt":"2024-09-11T11:29:01","slug":"stock-jumps-4-after-company-partners-with-samsung-to-distribute-products","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-4-after-company-partners-with-samsung-to-distribute-products\/","title":{"rendered":"Stock jumps 4% after company partners with Samsung to distribute products"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1185083283\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Microcap stock engaged in multi-brand retail and retail selling, as well as the distribution of tech-related software and hardware and many others, jumped upto 4 percent in the day\u2019s trade following trade agreement with Samsung.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-568945137\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 453 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543746\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Logica Infoway Limited<\/a><\/strong> were trading at Rs. 264.90 per equity share, up 2.28 percent from its previous day\u2019s close price of Rs. 259.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Logica Infoway Limited has officially tied up with the Samsung brand and become part of its ecosystem, by becoming the Tier 1 national Distributor for West Bengal and the National Capital Region (Delhi NCR) for the supply of Samsung products i.e. Laptops\/Notebooks directly to Tier \u2013 II &amp; Tier &#8211; III distributors.\u00a0<\/p><p>As a Samsung distributor, the company will offer an extensive range of Samsung&#8217;s cutting-edge technology and innovative solutions, Enhanced &amp; exceptional customer support by the Logica\u2019s team, and Exclusive offers, promotions, and deals on Samsung products, through Logica.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-217171316\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Logica Infoway Eastern Logica Infoway Limited is engaged in multi-brand retail and retail selling, as well as the distribution of branded smartphones, information technology (IT) hardware, software, and allied accessories and services. It also provides networking and security solutions to its consumers.&nbsp;<\/p><p>It generates 45 percent of its revenue from distribution activities, E-Commerce 25 percent, Export 19 percent, and retail 11 percent. Its brand and Channel Partners include Apple, Samsung, HP, Motorola, Boat, Redmi. Realme, Oneplus, Noise, Lenovo, and many others.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials &amp; Ratios&nbsp;<\/strong><\/h2><p>Its revenue from operations grew by 51 percent from Rs. 705 Crores in FY23 to Rs. 1,064 Crores in FY24, accompanied by profits of Rs. 4 Crores to Rs. 8 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 14.2 percent, and a return on capital employed (ROCE) of 14.4 percent. It has reported a high debt-to-equity ratio of 1.76.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p>\n\n<h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4>\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div>\n\n<p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-3710761570\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Microcap stock engaged in multi-brand retail and retail selling, as well as the distribution of tech-related software and hardware and many others, jumped upto 4 percent in the day\u2019s trade following trade agreement with Samsung.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 453 Crores, the shares of Logica Infoway Limited were trading at Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12260,22409,22411,22412,22410,948,936,3157],"class_list":["post-133278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-eastern-logica-infoway-share-price","tag-logica-infoway","tag-logica-infoway-news","tag-logica-infoway-share-price","tag-samsung","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 4% after company partners with Samsung to distribute products - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Microcap stock engaged in multi-brand retail and retail selling, as well as the distribution of tech-related software and hardware and many others, jumped upto 4 percent in the day\u2019s trade following trade agreement with Samsung.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-jumps-4-after-company-partners-with-samsung-to-distribute-products\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 4% after company partners with Samsung to distribute products\" \/>\n<meta property=\"og:description\" content=\"Microcap stock engaged in multi-brand retail and retail selling, as well as the distribution of tech-related software and hardware and many others, jumped upto 4 percent in the day\u2019s trade following trade agreement with Samsung.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-jumps-4-after-company-partners-with-samsung-to-distribute-products\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T11:16:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-11T11:29:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Samsung-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stock-jumps-4-after-company-partners-with-samsung-to-distribute-products\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-jumps-4-after-company-partners-with-samsung-to-distribute-products\/\",\"name\":\"Stock jumps 4% after company partners with Samsung to distribute products - 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