Dreamfloks - A dream run to start
The company delivered a strong revenue performance registering 65.0% growth YoY in Q2FY24 while on a QoQ basis revenue grew marginally by 6.1%. On a sequential basis, the company has seen a gross margin improvement of 174 bps to 12.4% in Q2FY24.
The domestic passenger traffic, as reported by the DGCA, has witnessed a growth of 20% on a YoY basis in H1FY24, while the Dreamfolks pax has increased by 47% in the same period, indicating the growing demand for lounge services in India as well as changing attitude of people towards having new experiences.
Moving averages crossover is confirming trend reversal. Lot of accumulation is observed and now with big volume spikes, this is ready for dream run.
🚫 not to be taken as buy sell recommendation, I can sell without informing 😉 Do your own research.
The domestic passenger traffic, as reported by the DGCA, has witnessed a growth of 20% on a YoY basis in H1FY24, while the Dreamfolks pax has increased by 47% in the same period, indicating the growing demand for lounge services in India as well as changing attitude of people towards having new experiences.
Moving averages crossover is confirming trend reversal. Lot of accumulation is observed and now with big volume spikes, this is ready for dream run.
🚫 not to be taken as buy sell recommendation, I can sell without informing 😉 Do your own research.