India Ratings affirms and withdraws Snowman Logistics Ratings equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Here are the top stocks to track in today s session:
Tech Mahindra: The company said it has acquired a 100 per cent stake in DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 million (about Rs 898 crore) to augment hybrid-cloud offerings for enterprise customers globally.
ACC: Cement maker ACC reported a 74.17 per cent YoY increase in consolidated net profit to Rs 562.59 crore for the first quarter ended March 2021, helped by an increase in sales and cost-efficiency. It had posted a profit of Rs 323.02 crore in the corresponding quarter a year ago.
Earnings Today: Nestle India, 5paisa Capital and 7 other firms will report their March quarter numbers today.
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 Logistics, a wholly owned subsidiary of Adani Ports and SEZ, has been offloading its stake in the Snowman Logistics via open market after the signing of a settlement agreement in July 2020.