Dreamfolks Services Ltd stock has come under the spotlight after the company informed the stock exchanges of program closures that could significantly affect its financial performance.
The notice relates to some services previously offered in collaboration with private sector lenders like Axis Bank and ICICI Bank, prompting investor caution.
On July 1, 2025, Dreamfolks Services officially closed certain programs managed on behalf of Axis Bank and ICICI Bank. In an exchange filing dated June 30, the company confirmed that while programs have ended, the overarching contracts with these financial institutions remain valid. However, the company acknowledged that the impact of these closures may be material to its financials, causing the market to monitor the developments closely.
Dreamfolks stated that its engagement with banking partners continues, and no contracts have been cancelled. The firm clarified that activating or deactivating service programs is part of its regular operations. Moreover, the company assured stakeholders that it remains committed to taking necessary steps to mitigate any adverse effects stemming from recent program changes.
As of July 1, 2025, shares of Dreamfolks Services ended at ₹237.5 on the NSE, showing little change for the day. Despite this stability, the stock has seen a decline of 8% over the past 1 month. The current price reflects a significant drop from its IPO valuation of ₹326.
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The company has reiterated its long-standing relationships with key clients and highlighted the deep integration it enjoys with major banking partners. Annual negotiations on services and commercials are standard practice, and such evaluations are aligned with broader strategic goals. Management maintains that the client base remains intact, supporting the firm’s long-term positioning in the market.
On July 2, 2025, Dreamfolks Services share price opened at ₹227.70 on NSE, below the previous close of ₹236.55. During the day, it surged to ₹233.48 and dipped to ₹225.22. The stock is trading at ₹228.29 as of 9:40 AM. The stock registered a significant decline of 3.49%.
Over the past week, it has declined by 0.70%, over the past month, it has declined by 10.98%, and over the past 3 months, it has declined by 1.17%.
Dreamfolks Services is navigating a transitional phase due to the closure of several key programs. While the financial repercussions are being assessed, the company’s ongoing association with major banks and readiness to implement mitigative measures provide operational continuity.
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Published on: Jul 2, 2025, 9:53 AM IST
Team Angel One
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