Snowman Logistics soars 13%, nears 52-week high on heavy volumes

Adani Logistics has been offloading its stake in the Snowman Logistics via open market operations

Shares of Snowman Logistics soared 13 per cent to Rs 67 on the National Stock Exchange (NSE) on Tuesday after over 20 per cent of the company's total equity changed hands. The stock was trading close to its 52-week high level of Rs 70, touched on December 11.

Till 02.24 pm, around 39.13 million equity shares, representing 23 per cent of total equity of Snowman Logistics, changed hands on the NSE, the exchange data showed. Currently, the stock was trading 13 per cent higher at Rs 66.35, against a 0.42 per cent rise in the Nifty50 index.

Adani