Dreamfolks Share Price Soars by 5.5%

On Wednesday (28th February), the share price of airport service provider Dreamfolks Services saw a rapid increase. The shares surged by more than 5.5%. Taking note of the strong growth outlook for the stock, brokerage house Motilal Oswal has initiated coverage on Dreamfolks with a buy rating.

The brokerage believes that the company will benefit from the opening of a new airport, an increase in domestic air traffic, and a comfortable travel experience. On Thursday (29th February, 2024), the share was trading at Rs. 495 with a 2.60% decline.

According to the brokerage house, the company will benefit from the opening of a new airport, growth in domestic air traffic, and an increase in credit card penetration (currently at 3%). The company has established subsidiary companies in Singapore and Malaysia. It is estimated that by FY26, the company’s market share will increase from 68% to 73%.


Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.

Serving "जहाँ Indian वहाँ India" Since 2014. I Started News Desk in Early Days of India Internet Revolution and 4G. I write About India for Indians.

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