Add-Shop E-Retail Ltd expands its footprint in two another states

Add-Shop E-Retail Ltd had opened a 2 New C & F in new 2 states. One was in Rajasthan and another was in Himachal Pradesh during this month.

The company sees very large numbers of opportunity in this both states for its retail business. The company has also opened 42 new franchises across India to expand the franchise model during this month.

This will boosts retail business in both these states. The company is already enjoying a good response for its products from both states. The company also received tremendous response for its ayurvedic healthcare products as well as agriculture products. Both the states are having great potential for its products.

In recent board meeting of the company, the Company had issued 800000 shares to Foreign Institutional Investors at the rate of 160. So it will boosts company's fund liquidity.

Add-shop would be leveraging on its robust distribution network spread across the country for its ayurvedic products and agriculture products. The company has vast distribution network of more than 550 franchises spread across India. In addition the company is having wide customer base, which offers substantial base for marketing its products to them. Such distribution network would be major growth catalyst for the company.

Shares of Add-Shop E-Retail Limited was last trading in BSE at Rs. 126 as compared to the previous close of Rs. 121.6. The total number of shares traded during the day was 147828 in over 553 trades.

The stock hit an intraday high of Rs. 127.65 and intraday low of 122. The net turnover during the day was Rs. 18627098.

Source : Equity Bulls

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