Introduction:
Lgistics company has secured a long-term contract with Etihad Airways to operate regular flights between Chennai and Male. This strategic partnership is set to enhance cargo movement and strengthen the company’s global presence in international logistics.
Share price movement of Afcom Holdings:
On January 13, 2025, Afcom Holdings Ltd opened at ₹1,063.00, 3.9% up from its previous close of ₹1,023.70. The stock reached a high of ₹1,074.85 (5.00%) and a low of ₹990.00. By 11:54 AM, it traded at ₹1,043.90, a 1.97% increase, with a market cap of ₹2,594.90 crore.
Afcom Holdings Partners with Etihad Airways:
Afcom Holdings Limited has announced a long-term contract with Etihad Airways to operate regular scheduled flights between Chennai and Male. This partnership aims to enhance cargo movement between the two sectors, reflecting the company’s growing logistics capabilities.
The deal with Etihad Airways strengthens Afcom Holdings Limited’s presence in global cargo transport. The company recently captured photos at Velana Airport, showcasing the operational progress. This collaboration is expected to contribute to Afcom’s business expansion in international logistics.
Recent news on Afcom Holdings:
As of August 09, 2024, Afcom Holdings Ltd made a successful debut on the BSE SME platform, with its shares listing at ₹205.20, marking a 90% premium over the issue price of ₹108 during its IPO.
Ace investor holding in Afcom Holdings:
S. Nagarajan
S. Nagarajan holds a 3.21% stake in Afcom Holdings Ltd, comprising 797,960 shares valued at ₹83.3 crore. This significant holding highlights his substantial investment in the company’s growth and market performance.
Vijay Kumar
Vijay Kumar holds a 2.57% stake in Afcom Holdings Ltd, amounting to 639,463 shares valued at ₹66.8 crore. His investment reflects confidence in the company’s future prospects and growth potential in the market.
Stock performance of Afcom Holdings for Period of 1 week and 1 month:
Afcom Holdings Ltd has experienced a decline of 8.09% over the past week. However, the stock has shown strong growth in the last month, gaining 12.0%, reflecting a positive trend in its recent performance.
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Shareholding pattern of Afcom Holdings:
| All values in % | Sep 2024 | Aug 2024 |
| Promoter | 42.70% | 42.70% |
| FII | 3.50% | 8.90% |
| DII | 0.90% | 4.10% |
| Public | 52.90% | 44.30% |
About Afcom Holdings:
Afcom Holdings Limited (BSE: 544224), incorporated in February 2013, specializes in airport-to-airport cargo transportation. With GSSAs in multiple countries, the company partners with Air Logistics Group and Taylor Logistics to expand its global presence and operations.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
