Penny Stock Under Rs 50 Locks in 10% Upper Circuit: Company Partners with Flipkart to Launch 12 Hub-In-Hub Facilities Across North and East India

On Wednesday, shares of Pranik Logistics Ltd jumped 9.62 per cent to Rs 49 per share from its previous closing of Rs 44.7 per share. The stock’s 52-week high is Rs 92.9 per share and its 52-week low is Rs 44 per share. As of 14:31 IST, the shares were trading at Rs 49. During the session, the stock locked into the 10 per cent Upper Circuit.

Pranik Logistics Ltd has announced a strategic collaboration with Flipkart India Private Limited to strengthen logistics infrastructure across North and East India. The company revealed that it has entered into an agreement to launch and operate 12 Hub-In-Hub (HIH) facilities aimed at improving supply chain efficiency in these regions.

The agreement, executed on March 10, 2026, outlines a commercial arrangement under which Pranik Logistics will launch, establish, and operate the logistics and hub facilities. These 12 HIH hubs will be set up at mutually agreed strategic locations to enhance operational efficiency and support growing e-commerce logistics demand in the targeted regions.

The rollout of the facilities will take place in a phased manner. According to the company, operations at individual hubs will begin progressively as the locations are finalized and infrastructure is put in place.

The agreement has a tenure of two years unless terminated earlier as per the terms of the contract. While the company stated that the exact impact on revenue and profitability cannot currently be quantified, it expects the arrangement to be value-accretive and supportive of its forward integration strategy.

Pranik Logistics also confirmed that the arrangement has been undertaken in the ordinary course of business and on an arm’s length basis. The company clarified that the agreement does not constitute a related party transaction and the disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The official notification regarding the agreement was signed by Anushree Chowdhury, Company Secretary and Compliance Officer, and submitted to the National Stock Exchange of India.

Based in Kolkata, West Bengal, Pranik Logistics Ltd, formerly known as Pranik Logistics Private Limited, operates as a specialized logistics service provider. The partnership with Flipkart marks a significant milestone for the company as it seeks to strengthen its presence in India’s rapidly expanding e-commerce logistics sector.

The company has a market cap of over Rs 50 crore. The stock price has fallen over 29.24 per cent in last one year. The stock has delivered around 11.36 per cent returns from its 52-week low of Rs 44 per share.

Disclaimer: The article is for informational purposes only and not investment advice.