Galaxy Entertainment
By
Ruma Dubey
about 8 years ago
Galaxy Entertainment has been having a volatile week. On 3rd April, it hit the lower circuit at Rs.18.25 and yesterday, it hit the UC at Rs.19.40 and today it hit another 5% UC at Rs.19.20.
The stock price hit a high after it announced that it was going to supply bakery products at retail & corporate accounts of Birdy’s.
The company has entered into strategic arrangement to undertake the business of commissary operations and for supply of bakery food products at the retail outlets and corporate accounts of Birdy's.
The company shall extend its operations to supply the bakery food items to Big Bazaar outlets in Mumbai.
The new initiative is expected to generate revenue to the tune of Rs 25 crore per annum.