India's Snowman Logistics hits over 1-1/2-yr high as promoter raises stake

Snowman Logistics

09/06/2023 06:33

** Shares of Snowman Logistics Ltd  SNOW.NS  jump as much as
8.5% to 46.75 rupees, their highest since Oct, 2021
    ** On Thursday, Promoter Gateway Distriparks acquired
additional 1.4 million SNOW shares at 43.32 rupees per share;
bought 1.1 million shares on Wednesday
    ** If trends hold, stock on track to advance for third
consecutive session
    ** About 3.9 million shares change hands by 10:51 a.m. IST,
4.3x the 30-day avg - Refinitiv Data
    ** Stock last up 3.4%, extending YTD gains to 17.6% 

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))