India's Snowman Logistics rises most in 8 months as co swings to quarterly profit

Snowman Logistics

26/05/2023 09:07

** Shares of India's biggest cold chain operator Snowman
Logistics Ltd  SNOW.NS  rise as much as 7.7% to 39.70 rupees,
their sharpest intraday pct gain since Sept 14, 2022
    ** Stock gains after SNOW swings to profit of 51 mln rupees
($617,269.05) in March qtr, from a loss of 2.2 mln rupees a year
ago
    ** Rev from ops up 46.6% Y/Y at 1.12 bln rupees
    ** If trend holds, stock set for a second consecutive
session of gains
    ** About 2.7 mln shares change hands, 9.1x the 30-day avg -
Refinitiv Data
    
    ($1 = 82.6220 Indian rupees)

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