India's Snowman Logistics hits over 6% on Sept-qtr profit jump

Snowman Logistics

09/11/2022 08:45

** Shares of Snowman Logistics  SNOW.NS  rise as much as
6.1% to 41.00 rupees, highest since Sept. 23
    ** India's biggest cold chain operator reported more than
two-fold Y/Y rise in Sept-quarter profit on Wednesday, with rev
also rising
    ** Co launched fifth-party logistics, or 5PL, services in
Oct
    ** Stock gains for fifth consecutive session    
    ** More than 2.1 mln shares traded, 5.5x times their 30-day
moving avg of 393,805
    ** SNOW last up 3.5%, cutting YTD losses to 1.5%, though
still underperforming the Nifty 500's  .NIFTY500  ~4% rise
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))