 "Snowman Logistics soars over 15% on heavy volumes")
Snowman Logistics has soared 17% to Rs 102 on National Stock Exchange (NSE) on back of heavy volumes.
Till 1505 hours, a combined 9.34 million shares representing nearly 10% of free-float of equity of the company changed hands on NSE and BSE.
Shares of Snowman Logistics, the country's largest cold storage warehousing chain, has been more-than-double against its issue price of Rs 47 a share. It soared 70% at stock market debut on September 12, 2014. It touched high of Rs 104 on September 23.
One of India's ace investors, Radhakishen Damani and Reliance Mutual Fund had collectively bought about 4% stake in Snowman Logistics on the listing day.
Till 1505 hours, a combined 9.34 million shares representing nearly 10% of free-float of equity of the company changed hands on NSE and BSE.
Shares of Snowman Logistics, the country's largest cold storage warehousing chain, has been more-than-double against its issue price of Rs 47 a share. It soared 70% at stock market debut on September 12, 2014. It touched high of Rs 104 on September 23.
One of India's ace investors, Radhakishen Damani and Reliance Mutual Fund had collectively bought about 4% stake in Snowman Logistics on the listing day.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%