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TechnologyHighly SpeculativeLarge CapMomentum Trap

India's Shadowfax rises after quarterly profit jump

** Shares of logistics company Shadowfax Technologies SADO.NS up 3.8% at 123.46 rupees

** Stock listed at 112.60 rupees on NSE on Jan 28 vs issue price of 124 rupees

** Logistics solutions provider's Dec-quarter consolidated profit jumps more than five-fold year on year to 348.6 million rupees ($3.85 million)

** Rev rises ~66% y/y

** More than 5 million shares traded so far

($1 = 90.6080 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

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