Swiss Military Consumer Goods Ltd signs MoU with Flipkart

Swiss Military Consumer Goods Ltd has signed a Memorandum of Understanding with Flipkart India Private Limited (Flipkart) to exclusively promote, market and sell the products of the company i.e. Luggage and Travel Accessories, under sub-category brands other than "Swiss Military" through their website i.e. www.flipkart.com. The detailed agreement shall be signed in due course.

As the management is focused and committed towards creating a growth-oriented business model, this arrangement will help the company to expand its business horizons towards other brands of the company. The management is expecting considerable numbers in terms of turnover and also the subsequent noteworthy presence on a leading online marketplace of the country, which will help in unlocking the valuation in the longer run for the company and its stakeholders.

Shares of Swiss Military Consumer Goods Ltd was last trading in BSE at Rs. 15.70 as compared to the previous close of Rs. 15.90. The total number of shares traded during the day was 229508 in over 702 trades.

The stock hit an intraday high of Rs. 16.20 and intraday low of 15.25. The net turnover during the day was Rs. 3597322.00.

Source : Equity Bulls

Keywords

SwissMilitaryConsumerGoods MoU Flipkart Exclusive