26 Dec 2024

Western Carriers Gains Momentum with Rs 8 Crore Work Order from Tata International

Western Carriers' stock rose to Rs. 112.55, gaining 1.76% or 1.95 points from its previous close of Rs. 110.60 on the BSE.

The stock opened at Rs. 112.95 and fluctuated between a high of Rs. 114.80 and a low of Rs. 111.85 during the day, with 25,417 shares traded so far. The scrip, categorized under the BSE group 'B' with a face value of Rs. 5, recorded its 52-week peak of Rs. 177.00 on September 24, 2024, and a 52-week low of Rs. 110.00 on December 24, 2024.

In the past week, the stock's high and low were Rs. 118.95 and Rs. 110.00, respectively. The company's current market capitalization stands at Rs. 1,140.37 crore. Promoters hold a 71.89% stake, while institutions and non-institutions own 13.36% and 14.75%, respectively.

Western Carriers has secured a work order worth Rs. 8 crore from Tata International for container rake movement, which is set to be completed within a year. Previously, the company was chosen as the exclusive supply chain partner for in-plant logistics and container rake transportation at Tata Steel Sponge Iron Joda's facility in Odisha.

Western Carriers is a key player in the logistics sector, offering multimodal transportation, warehousing, and allied services across India.