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.