Should I buy Snowman Logistics share?
Snowman Logistics Limited (NSE: SNOWMAN) As on 24th Jun 2022 SNOWMAN Share Price closed @ 25.70 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 39.15 & Strong Sell for SHORT-TERM with Stoploss of 32.62 we also expect STOCK to react on Following IMPORTANT LEVELS.
Snowman Logistics Ltd. quote is equal to 26.400 INR at 2022-06-28. Based on our forecasts, a long-term increase is expected, the “Snowman Logistics Ltd” stock price prognosis for 2027-06-18 is 30.549 INR. With a 5-year investment, the revenue is expected to be around +15.72%.
Who is buying Snowman Logistics?
Adani Logistics, a unit of Adani Ports, last December agreed to acquire 40.25% stake in Snowman Logistics from latter’s promoter Gateway Distriparks at Rs 44 per share along with an open offer to take another 26% from public shareholders.
Which company is Snowman?
Snowman Logistics Ltd was incorporated as Snowman Frozen Foods Limited on March 17 1993 as a public limited company. The company was originally promoted by Amalgam Foods Limited. In 1997 Hindustan Unilever Limited (then Brooke Bond (India) Limited) acquired 23% of the company’s equity share capital.
Why did Adani sell Snowman Logistics?
On 22 May, Gateway said it has initiated arbitration proceedings against the Adani group. Mint reported in May that the talks for the promoter stake sale had hit a hurdle because of a disagreement over valuation, with the pandemic hitting business, causing the Snowman stock price to fall.
Is Snowman logistics a good company?
Snowman Logistics is rated 4.2 out of 5, based on 127 reviews by employees on AmbitionBox. Snowman Logistics is known for Skill development which is rated at the top and given a rating of 3.9. However, Career growth is rated the lowest at 3.4 and can be improved.
Who are the global players in cold logistics?
The key players operating in the global cold chain logistics market are Americold Logistics, LLC, Burris Logistics, Cold Box, Conestoga Cold Storage, Congebec, Lineage Logistics Holding, LLC, Nichirei Corporation, Tippmann Group, United States Cold Storage, and VersaCold Logistics Services.
What is cold chain shipping?
What Is Cold Chain Logistics? Cold chain logistics (also referred to as chill chain logistics) is the transport of temperature-controlled goods, such as temperature-sensitive foods, beverages, and bio-pharmaceutical products.
Who is the biggest cold storage in the world?
2800 Polar Way is a cold storage facility located in Richland, Washington, United States, where it dominates the northern landscape. It is both the largest refrigerated warehouse and the largest automated freezer on Earth.
What is cold chain in pharmaceutical industry?
Pharmaceutical Cold Chain Logistics “Cold chain products” refer to medicines that must be kept within a precise temperature range. These products include vaccines, biologics, oncology treatments, some types of insulin and other medicines.
What industries need cold chains?
Cold chain is a necessity for not just for the agricultural produce but also for horticulture, floriculture, dairy, confectionary, pharmaceuticals, industrial chemicals, poultry and meat processing.
About Author
