Dreamfolks Services Shares

Stocks
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Dreamfolks Services Shares Surge on Collaboration with Plaza Premium Group

Dreamfolks Services has entered into a strategic collaboration with Plaza Premium Group to include more than 340 Plaza Premium Lounges in more than 70 major international airports into the DreamFolks global lounge network, offering an enhanced travel experience to its members worldwide starting July 24, 2023.

This collaboration will facilitate extensive coverage of Plaza Premium Lounges across 4 continents including key travel hubs such as Australia, Canada, the United Kingdom, Hong Kong, Florida, Brazil, Italy, Indonesia, Malaysia, Singapore, Dubai, Saudi Arabia, Jordan and more.

With the inclusion of Plaza Premium Lounges, DreamFolks’ global touchpoints will increase to an impressive 1700-plus. This expanded network will offer members unparalleled access to premium lounges across key travel destinations worldwide, ensuring a seamless and comfortable travel experience.

DreamFolks is India’s largest airport service aggregator platform facilitating an enhanced airport experience for passengers by leveraging its proprietary technology solutions. The company commands 95%+ market share in Indian-issued credit and debit card access to airport lounges in FY22 and accounted for ~68% of overall lounge access volume in India.
Today, the stock opened at Rs 686.10, with a high and low of Rs 716.55 and Rs 676. The stock closed trading at Rs 686, up by 5.03%.

In the last six months, the shares of the company have given about 83% returns, and in the last one year, the stock has given about 40% returns.

The stock has a 52-week high of Rs 716.55 and a 52-week low of Rs 348.20. The company has a ROCE of 79.4% and an ROE of 60.7% with a market capitalisation of Rs 3,564 crore.
Investors should keep a close eye on this 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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Shares of DreamFolks Services rise on collaborating with Grey Wall

About collaboration

Dreamfolks Services has collaborated with Grey Wall, one of the largest airport and lounge service aggregators in Russia. Through this partnership, DreamFolks and Grey Wall aim to enhance the travel experience for passengers travelling across borders DreamFolks’ Clients and their end consumers can now gain access to Grey Wall’s comprehensive ecosystem of lounges and services in Russia. DreamFolks proprietary tech platform will enable seamless access to around 100 lounges located in key airports and railway stations throughout Russia, ensuring a frictionless experience for travellers availing lounge access.

Through this partnership, Grey Wall stands to capitalize on DreamFolks’ vast network of Clients, a strategic avenue to increase footfall at their lounges. This synergy between the two entities promises a blend of premium amenities and streamlined services, ushering in a new era of travel excellence.

Stock Performance
Dreamfolks Services share is currently trading at Rs 558.40, up by 5.30 points or 0.96% from its previous closing of Rs 553.10 on the BSE. The scrip opened at Rs 558.95 and touched a high and low of Rs 566.25 and Rs 558.30 respectively. So far 6,606 shares were traded on the counter.

The BSE group ‘B’ stock of face value of Rs 2 has touched a 52-week high of Rs 846.75 and a 52-week low of Rs 348.20. Last one week high and low of the scrip stood at Rs 566.25 and Rs 535, respectively. The current market cap of the company is Rs 2,932.86 crore. The promoters holding in the company stood at 66.02%, while Institutions and Non-Institutions held 11.76% and 22.21% respectively.

About DreamFolks
DreamFolks facilitates customers’ access to services like Lounges, Food & Beverage, Spa, Meet & Assist, Airport Transfer, Transit Hotels /Nap Room Access, Baggage Transfer and other services. Over the years, it has transformed from being an airport lounge access aggregator to an end-to-end technology solutions provider for designing and delivering services that enhance the airport experience.

It has crafted its service proposition to provide Clients with the option of offering a wide-ranging bouquet of Services to the Consumers. Its asset-light business model integrates global card networks operating in India, credit card and debit card issuers and other corporate clients in India, including airline companies with various airport lounge operators and other airport-related service providers on a unified technology platform.

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.