India's Snowman Logistics rises after strong Q2 results

Snowman Logistics

06/11/2023 09:15

** Shares of Snowman Logistics  SNOW.NS  up as much as 7.71%
at 54.5 rupees, in biggest intraday gain since Aug 9 
    ** Ground freight services provider posted a 9.5% rise in Q2
profit to 29.3 mln rupees ($352,215.11), while rev from ops
climbed over 14%  
    ** Have a strong pipeline in current qtr due to festive
season, co adds 
    ** Stock on track for third straight consecutive session of
gains 
    ** More than 3.5 mln shares changed hands by 2:39 p.m. IST, 
4.6x 30-day avg 
    ** Stock last up 5.14%, taking YTD gain to 41% 
    
($1 = 83.1878 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))