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Snowman Logistics moves up on partnering with Global e-commerce giant

18 Mar 2020 Evaluate

Snowman Logistics is currently trading at Rs. 35.05, up by 0.45 points or 1.30% from its previous closing of Rs. 34.60 on the BSE.

The scrip opened at Rs. 36.40 and has touched a high and low of Rs. 37.55 and Rs. 34.95 respectively. So far 91964 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 45.80 on 30-Dec-2019 and a 52 week low of Rs. 24.60 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 37.55 and Rs. 24.60 respectively. The current market cap of the company is Rs. 597.34 crore.

The promoters holding in the company stood at 40.25%, while Institutions and Non-Institutions held 0.87% and 58.88% respectively.

Global e-commerce giant has partnered with Snowman Logistics for the delivery of FMCG perishables including vegetables, fruits, eggs, frozen food and groceries.

A pilot project in stealth mode was launched in Mumbai late last year with Western Maharashtra as the focus. As part of the pilot, Snowman Logistics set up a collection centre in Manchar near Pune to facilitate the collection of vegetables and fruits directly from farmers. The farm produce is then shipped to the Snowman Logistics sorting and grading centre located in Navi Mumbai, where the farm produce is further sorted, graded and packed for home delivery purpose. This is then transported to the six fulfilment hubs of the e-commerce player located around Mumbai for onward delivery. After Mumbai, the pilot will be replicated in Delhi and other cities to follow soon.

Snowman Logistics is an integrated temperature controlled logistics services provider.

Snowman Logistics Share Price

43.16 -0.08 (-0.19%)
17-Apr-2026 16:59 View Price Chart
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