Snowman Logistics gains on pact with Compass Group

Shares of Snowman Logistics were up nearly 3% at Rs 102 on the Bombay Stock Exchange after the company said it has entered into an agreement with global food and support services major Compass Group PLC.

As per the three-year service agreement, Snowman will address the complete supply chain needs of the food service division of Compass India, the company said in a release.

The stock opened at Rs 103 and touched a high of Rs 104. At 12:15PM, over 1 million shares were traded on both the stock exchanges.