AFCOM Holdings shares surge 4% after announcing partnership with Etihad Airways

AFCOM Holdings’ stock surged over 4% following the announcement of a significant long-term partnership with Etihad Airways. The agreement, revealed on January 12, 2025, aims to streamline cargo operations between Chennai and Male, two critical locations for trade in the region.

AFCOM Holdings shares opened at 1,063.00 and reached a high of 1,074.85, while the low was 1,027.70. The company’s stock has fluctuated significantly over the past year, with a 52-week high of 1,145.80 and a 52-week low of 205.20.
Through this collaboration, AFCOM will tap into Etihad’s extensive logistics network, improving operational efficiency and enhancing connectivity. The new arrangement is expected to simplify and expedite cargo movement on the Chennai-Male corridor, providing a vital logistical link for businesses in both regions.

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This strategic partnership is seen as a major step forward for AFCOM, boosting its operational capabilities and ensuring timely deliveries across international markets. With Etihad Airways backing the initiative, the agreement is set to drive future growth and position AFCOM Holdings as a leader in logistics and supply chain solutions.

As of 9:41 AM, AFCOM Holdings shares were trading 4.81% higher at Rs 1,072.95.

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