Add-shop E-Retail Ltd expands foot print by opening 35 New Franchises in 2 New States

Add-shop E-Retail Ltd have opened 35 new franchises in 2 new states i.e in Andhra Pradesh and Telangana during this month. Both states are full of potential for the business. The company have opened 21 new franchises in Andhra Pradesh and 14 new franchises in Telangana.

This will boost its retail business in both states and the company is enjoying a good response with its products from both states. The company has received a tremendous response for its ayurvedic healthcare products as well as its agriculture products. There were a good potentiality in both states regarding its products.

The company had already established its E-Commerce business platform. The company has created a chain between company and its frachise members to deliver goods to them at their doorstep. The members and business partners are free to do business from anywhere at their fingertips. With this platform the company is managing its business smoothly, and it will also provide customer satisfaction.

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 650 franchises spread across India. In addition the company has 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 ERetail Ltd was last trading in BSE at Rs. 93.75 as compared to the previous close of Rs. 94.20. The total number of shares traded during the day was 34527 in over 781 trades.

The stock hit an intraday high of Rs. 98.00 and intraday low of 91.30. The net turnover during the day was Rs. 3230274.00.

Source : Equity Bulls

Keywords

AddShopERetail INE01B501018 NewFranchises AndhraPradesh Telangana