Snowman Logistics Ltd and SpiceJet sign MOU for transportation and distribution of Covid19 vaccines

Snowman Logistics Limited (Snowman) and SpiceJet have signed a MOU for jointly engaging in storage, transportation, and distribution of COVID-19 vaccines from various manufacturers, across India and internationally, in the required temperature-controlled zones. As per the understanding, Snowman will handle the ground services which includes activities such as transportation to/from manufacturers, warehouses, airports and consumption points, packing, storage & warehousing, in the required temperature zones, while SpiceJet will provide the air connectivity for temperature controlled distribution of the COVID-19 vaccines across India as well as internationally.

Shares of Snowman Logistics Ltd was last trading in BSE at Rs.58 as compared to the previous close of Rs. 58.95. The total number of shares traded during the day was 356294 in over 2423 trades.

The stock hit an intraday high of Rs. 60.75 and intraday low of 57.7. The net turnover during the day was Rs. 20853241.

Shares of SPICEJET LTD. was last trading in BSE at Rs.93.8 as compared to the previous close of Rs. 96.65. The total number of shares traded during the day was 1778008 in over 11620 trades.

The stock hit an intraday high of Rs. 97 and intraday low of 92.8. The net turnover during the day was Rs. 167820026.

Source : Equity Bulls

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