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900% returns: This logistics company secures additional business from DHL Express (India)

25 September 20232 mins read by Angel One
One of the large integrated national logistical solution providers in India, has entered into a contract with DHL Express (India) Pvt. Ltd. (DHL) for providing courier cargo under bonded trucking services.
900% returns: This logistics company secures additional business from DHL Express (India)
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Shreeji Translogistics Limited (STL) is a company specialising in freight management, logistics solutions, and warehousing services. STL offers a range of services, including full truck load transport (FTL), parcel and part truck load services (LTL), import-export services, and handling Over Dimensional Cargo (ODC). They operate various types of trucks, including container trucks for parcels and consumer goods and platform trucks for import-export containers and heavy-duty items. STL manages a fleet of around 300 owned trucks and over 4,500 outsourced trucks. The company is led by experienced professionals in the logistics sector.

Shreeji Translogistics Limited (STL) one of the large integrated national logistical solution providers in India, has entered into a contract with DHL Express (India) Pvt. Ltd. (DHL) for providing courier cargo under bonded trucking services. STL has successfully secured additional business from DHL Express (India) Pvt. Ltd. for the management of courier cargo services originating in Bangalore. This move serves to further enhance and solidify their longstanding partnership.

This contract exemplifies STL’s steadfast commitment to delivering inventive logistics solutions throughout India, guaranteeing punctual deliveries and maintaining unwavering customer satisfaction. Furthermore, this agreement provides STL with a valuable opportunity to extend its reach and capabilities by harnessing its extensive network and resources to meet the evolving demands of the logistics industry.

The company has delivered returns of 10% over the past year and stellar returns of 915% over the past 3 years. Additionally, the company has a ROCE of 20% and a ROE of 25.1%.

On Monday, shares of the company surged by more than 2% and made an intraday high of Rs 66. Additionally, the scrip had a spurt in volume by more than 1.31 times.

Investors should keep a close eye on this trending stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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