India's Snowman Logistics up after biggest shareholder raises stake

Snowman Logistics

15/11/2023 07:52

** Shares of logistics services provider Snowman Logistics
Ltd SNOW.NS  up 4.7% at 53.25 rupees
    ** Biggest shareholder Gateway Distriparks acquired
additional 0.26% stake in co via open market, taking its total
stake to 43.26%
    ** Stock rises as much as 5.3% to 53.55 rupees 
    ** Earlier this month, SNOW posted a 9.5% rise in Q2 profit
    ** More than 1.4 mln shares traded by 1:05 p.m. IST, 1.6x
their 30-day avg
    ** Stock up ~40% YTD 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))