Stock Report

Bright Outdoor Media Ltd wins order

Posted On : 2023-12-03 13:22:32( TIMEZONE : IST )

Bright Outdoor Media Ltd wins order

Bright Outdoor Media Limited clinches the prestigious "Western Railways - Bulk Advertising Right for Display of Advertisements" by securing the erection of 18 new hoarding structures spanning 17,555 sq. ft. This seven-year contract marks a significant milestone for the company.

Strategic Locations Covered:

- Ville Parle Station: 5 Hoardings, totaling 1200 Sq. Ft.
- Andheri Station: 5 Hoardings, covering 1280 Sq. Ft.
- Ram Mandir ROB: 2 Hoardings, with a combined area of 1875 Sq. Ft.
- Goregaon ROB: 4 Hoardings, an expansive 9600 Sq. Ft.
- Kandivali ROB: 2 Hoardings, encompassing 3600 Sq. Ft.

Game-Changing Tender Win: Recognized by Indian Railways, this project emerges as one of the most significant tenders of its size in Mumbai. Bright Outdoor Media Limited's success not only strengthens its foothold in the Indian Out-of-Home (OOH) Market but also follows the strategic investments made post the company's IPO launch in March 2023. As Bright expands across prime locations in the city, this achievement signifies a remarkable progression in the competitive advertising landscape.

Shares of Bright Outdoor Media Limited was last trading in BSE at Rs. 438.50 as compared to the previous close of Rs. 429.80. The total number of shares traded during the day was 4750 in over 15 trades.

The stock hit an intraday high of Rs. 446.25 and intraday low of 432.00. The net turnover during the day was Rs. 2079325.00.

Source : Equity Bulls


BrightOutdoorMedia INE0OMI01019 Advertising Media OrderWin