As Galaxy Entertainment geared up to supply bakery products at retail and corporate outlets of Birdy's, its stock surged by 5% on April 7, 2017.
According to the strategic agreement between the companies, Galaxy will undertake commissary operations and bakery food products supply at retail outlets and corporate accounts of Birdy's.
The company is further looking to expand its operations by supplying bakery food products at Big Bazaar outlets in Mumbai.
The recent developments are expected to generate a revenue of nearly Rs 25 crore per annum. On the BSE, the stock of Galaxy Entertainment hiked up by 4.92% at Rs 19.20 at 13:24 hrs on April 7, 2017. While there were no sellers of the stock, buy orders of 200379 shares were pending.