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Snowman Logistics shines on entering into strategic partnership with Dr. Reddy's

03 Jun 2021 Evaluate

Snowman Logistics is currently trading at Rs. 57.10, up by 5.75 points or 11.20% from its previous closing of Rs. 51.35 on the BSE.

The scrip opened at Rs. 56.25 and has touched a high and low of Rs. 59.00 and Rs. 55.55 respectively. So far 1666886 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.25 on 30-Dec-2020 and a 52 week low of Rs. 27.35 on 12-Jun-2020.

Last one week high and low of the scrip stood at Rs. 59.00 and Rs. 49.95 respectively. The current market cap of the company is Rs. 959.09 crore.

The promoters holding in the company stood at 40.25%, while Institutions and Non-Institutions held 1.70% and 58.05% respectively.

Snowman Logistics has entered into strategic partnership with Hyderabad based Dr. Reddy's to provide temperature-controlled end-to-end logistics solutions for the delivery of the two-dose Sputnik COVID-19 vaccine across India. Snowman will manage the delivery through five of its high-capacity temperature-controlled warehouses in Mumbai, Delhi-NCR, Kolkata, Chennai, and Bengaluru. The company will offer storage, order processing, shipper packing and secondary transportation from these locations.

The locations are strategically located to take care of not just the state distribution, but the whole of the regional requirements. The temperature, throughout, will be maintained between -20 degrees Celsius and -25 degrees Celsius. With this, Snowman will be the largest 3PL service provider for vaccines in the country offering national reach to Dr. Reddy's Lab.

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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