East West Freight Carriers Ltd: East-West Freight Carrier’s share is under scrutiny. The company’s stock climbed 4.1 percent, reaching a high of the price of 7 rupees today.
However, there was a little of profit-booking that was later which allowed it to drop down to 6.82 rupees. The increase in share is evident after the publication of the FY 2024 report.
Despite today’s rise, the stock of small-cap companies has fallen 38.3 percent from the 52-week record high of 11.47 rupees which was reached in December of last year.
However, it has gained more than 52 percent since its 52-week low of 4.65 rupees that was recorded in October of the previous year.
The stock has increased by almost 26 percent over the past year, however, it has dropped more than 12 percent for the year to date in 2024.
Table of Contents
Company’s Annual Report
According to the company’s announcement, East-West Freight Carriers Limited’s fiscal year (FY24) financial report showcases the company’s remarkable accomplishments, surpassing expectations in the key areas of performance.
The company saw significant revenue growth, driven by an increase in volume and strategic pricing initiatives.
The company highlighted its constant dedication to operational excellence and highlighted its investments in quality service.
East-West Freight Carriers have been focusing on increasing efficiency, using the latest technology, and prioritizing safety.
It has detected significant growth opportunities, particularly in the world of e-commerce, global business, and the growing need for effective logistics solutions.
The company’s vast network, expertise in the industry, and technological focus are expected to profit from the advantageous market circumstances.
Share Conditions
East West Freight Carriers’ share has risen by 7 percent in a month and gained 25 percent over the past year. However, it has dropped 66 percent over the past 5 years.
During this time its cost has decreased from 21 rupees down to the current price. However that year the cost of this stock was 35 rupees. From that point to now, the share has decreased by 80 percent.
Quick Fact
| Company name | East-West Freight Carrier |
|---|---|
| Intra-day high price | ₹7 |
| Stock rise percentage (%) | 4.1% |
| Drop price | ₹6.82 |
| 52-week low | ₹4.65 |
| Share increase from 52-week low | 52% |
| 52-week high | ₹11.47 |
| Share decrease from 52-week high | 38.3% |
| Share increase in past year | 26% |
| Share decrease in 2024 | 12% |
| Share rise in a month | 7% |
| Share increase in the past year | 25% |
| Share decrease over past 5 years | 66% |
| Share gain in the past year | ₹35 |
| Share loss in the past year | ₹21 |
| Price decrease from peak 5 years ago | 80% |
| Fiscal year | FY 2024 |
| Revenue growth factors | Volume, strategic pricing |
| Growth opportunities | E-commerce, global business, logistics |
| Company priorities | Efficiency, safety, technology |
| Expected market benefit | Favorable market conditions |
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