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LogisticTech

BlackBuck Hits Upper Circuit For 3rd Straight Session


SUMMARY

The stock opened at the upper circuit level, up from its previous close of INR 441.35 per share

At this price, BlackBuck’s market capitalisation stood at INR 8,178.02 Cr, though trading volume remained low at just 42K

Had it not been for these exceptional expenses, the company would have given a profit of INR 29.86 Cr in Q3 FY25 against the net profit of 12.49 Cr from its continuing operations in the September quarter

BlackBuck’s shares touched the upper circuit limit for the third consecutive session, this time…



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by INC42

SUMMARY Alongside disclosing its financial performance for Q2 FY26, logistics major Delhivery announced its plans to foray into the fintech segment today Its board has considered and approved the incorporation of a new wholly owned subsidiary (WOS) Delhivery Financial Services with an initial investment of INR 12 Cr The dedicated fintech vertical would enable Delhivery to provide access to credit, payment, FASTag aggregator, fuel cards and insurance solutions for its partners — truckers, fleet owners, riders, and MSMEs

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by INC42

SUMMARY Shadowfax plans to raise up to INR 2,000 Cr ($225 Mn), split evenly between a fresh issue and an offer-for-sale component via IPO More than half of the proceeds will be channelled into network expansion, with around INR 562 Cr earmarked for building infrastructure and leasing new first and last-mile centres Quick commerce is where our business growth is. Still nascent, we were able to scale this offering to 50 Lakh orders per day: Shadowfax CEO Flipkart-backed ShadowFax is positioning itself to become the country’s… Source link