Snowman Logistics surges on planning to establish temperature-controlled warehouse facility in Hyderabad
Snowman Logistics is currently trading at Rs. 37.37, up by 1.17 points or 3.23% from its previous closing of Rs. 36.20 on the BSE.
The scrip opened at Rs. 35.36 and has touched a high and low of Rs. 38.40 and Rs. 35.36 respectively. So far 33978 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.51 on 28-Jul-2025 and a 52 week low of Rs. 30.55 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 39.75 and Rs. 34.66 respectively. The current market cap of the company is Rs. 618.56 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 3.89% and 46.10% respectively.
Snowman Logistics is all set to establish a new 10,000-pallet temperature-controlled warehouse facility in Hyderabad. This facility is being developed under the asset light Built-to-Suit (BTS) model and construction is now commencing. The facility is scheduled to be operational by Q2 next year and will cater to a temperature zone of -25 degrees Celsius to +20 degrees Celsius.
Located along the NH-44 corridor, it serves in Hyderabad's northern logistics belt, an area that has seen rising demand for temperature-controlled storage driven by growth in seafood, ice cream, QSR, fruits & vegetables and pharmaceuticals.
