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What is the story about?
Shares of Dreamfolks Services Ltd. surged as much as 15% on Monday, October 13, extending its gains for the fifth straight trading session.
The stock has gained in six out of the last seven trading sessions, during which, it has risen as much as 40%.
Monday's gains have also come on the back of strong volumes. Over 15 lakh shares of the company have already changed hands on Monday, in comparison to the 20-day average of 95,000 shares.
The company had made a slew of announcements last week. Here's a look at some of them:
The company announced that The Card Company, an RBI-licensed issuer of prepaid payment instruments, announced a strategic collaboration with Dreamfolks Services.
The collaboration was for the launch of their Wallet product "Alpha", which is India's first premium wallet that will integrates elite travel, lifestyle and entertainment privileges on PPI rails.
Additionally, the company, at the Global Fintech Fest, 2025, also announced the launch of the DreamFolks Club Memberships, which offers moves beyond conventional travel benefits to cover the full spectrum of the consumer lifecycle.
At the Global Fintech Festival, Dreamfolks also announced a strategic partnership with WSFx Global Pay Ltd., one of India's leading forex and travel payment platforms, to simplify and elevate the end-to-end travel transit experience for Indian consumers.
On September 16, the company had announced that the services of domestic airport lounges have been discontinued to its clients and that the other domestic services and global lounge business will continue as usual.
"We reiterate that contracts with our clients remain active and the discussions with the clients on alternate customer value propositions are in progress," the company stated in a filing.
The company's stock took a nosedive after multiple clients terminated their lounge services contracts with Dreamfolks earlier this year.
Back then, CEO and Chairperson of Dreamfolks Services, Liberatha Peter Kallat, had come out strongly against what she describes as pressure tactics by two large airport operators who have entered the same line of business.
“The pressure which has been built up is to tell the clients that, in case they do not sign up with them or do business with them directly, they would actually stop their cardholder access to their airports,” Kallat said in an exclusive interview with CNBC-TV18 on July 2.
Shares of Dreamfolks Services are trading 15% higher on Monday at ₹144.7. The stock is down 70% from its recent 52-week high of ₹469.9.
The stock has gained in six out of the last seven trading sessions, during which, it has risen as much as 40%.
Monday's gains have also come on the back of strong volumes. Over 15 lakh shares of the company have already changed hands on Monday, in comparison to the 20-day average of 95,000 shares.
The company had made a slew of announcements last week. Here's a look at some of them:
October 7
The company announced that The Card Company, an RBI-licensed issuer of prepaid payment instruments, announced a strategic collaboration with Dreamfolks Services.
The collaboration was for the launch of their Wallet product "Alpha", which is India's first premium wallet that will integrates elite travel, lifestyle and entertainment privileges on PPI rails.
October 7
Additionally, the company, at the Global Fintech Fest, 2025, also announced the launch of the DreamFolks Club Memberships, which offers moves beyond conventional travel benefits to cover the full spectrum of the consumer lifecycle.
October 8
At the Global Fintech Festival, Dreamfolks also announced a strategic partnership with WSFx Global Pay Ltd., one of India's leading forex and travel payment platforms, to simplify and elevate the end-to-end travel transit experience for Indian consumers.
On September 16, the company had announced that the services of domestic airport lounges have been discontinued to its clients and that the other domestic services and global lounge business will continue as usual.
"We reiterate that contracts with our clients remain active and the discussions with the clients on alternate customer value propositions are in progress," the company stated in a filing.
The company's stock took a nosedive after multiple clients terminated their lounge services contracts with Dreamfolks earlier this year.
“The pressure which has been built up is to tell the clients that, in case they do not sign up with them or do business with them directly, they would actually stop their cardholder access to their airports,” Kallat said in an exclusive interview with CNBC-TV18 on July 2.
Shares of Dreamfolks Services are trading 15% higher on Monday at ₹144.7. The stock is down 70% from its recent 52-week high of ₹469.9.
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