Penny stock under Rs 5: This small-cap company secured a contract worth Rs 1.50 crore!

The company reported a net loss of Rs 0.13 crore in FY21, it skyrocketed to Rs 2.83 crore in FY22.   

East West Holdings Limited (Through Wholly owned Subsidiary (WOS) East West Freight Carriers Limited) have secured a contract for 1 year from The Indian Institute of Petroleum, Dehradun which is one of the 37 constituent laboratories of the Council of Scientific and Industrial Research, dedicated to R&D in the hydrocarbon sector.   

This 1-year contract with The Indian Institute of Petroleum, Dehradun is expected to generate Rs 1.50 crore in revenue for the company.  

East-West Holding Limited is engaged in providing logistics and allied solutions through its wholly-owned subsidiary East West Freight Carriers Limited. The Company provides services in the trade of Global Logistics and Freight Forwarding. The company has a total investment of 40 crore in its subsidiary.  

East-West Holding Limited, a Small-Cap company, has a market cap of Rs 56.01 crore. In FY22, net sales rose by 42.35 per cent over FY21. The company reported a net loss of Rs 0.13 crore in FY21, it skyrocketed to Rs 2.83 crore in FY22.   

Today, shares of East-West Holding Limited surged 4.18 per cent to an intraday high of Rs 4.98 per share from its previous closing of Rs 4.78. At 03:30 pm, shares of the company were locked in the lower circuit, down 5 per cent to Rs 4.55 per share. Investors should keep an eye on this small-cap stock.