Dreamfolks Services stock rebounded 11% from its intraday low after the company clarified to CNBC-TV18 that it has not lost any clients. As of 11:29 AM, the shares were trading 2.94% higher at Rs 243.00.

The company stated, “All our contracts are in place, and it’s business as usual for us.” This reassurance comes amid earlier media reports suggesting potential client exits. Investors took confidence in the clarification, helping the stock recover from steep losses.

The stock had earlier dropped following a June 19 PTI report claiming major banks and card networks—including ICICI Bank, Axis Bank, and Mastercard—were considering ending aggregator partnerships with DreamFolks to work directly with airport lounge operators. The report also suggested others might follow suit. The company’s clarification helped restore investor confidence.

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