The stock opened 4.8% higher at INR 427 and fluctuated between INR 410.05 and INR 428.20 before breaching its upper circuit
The rally in stock comes a day ahead of the company’s board meeting on February 5 to consider and approve the unaudited (standalone and consolidated) financial results for Q3 FY25
In its first financial disclosure post-listing, BlackBuck slipped into the red in Q2 FY25 due to an exceptional loss of INR 320.74 Cr from a share-based payment expense
Shares of BlackBuck, operating under Zinka Logistics Solutions, surged up to 5% to hit the upper circuit limit of INR 428.20 on the BSE today (February 4).
The stock opened 4.8% higher at INR 427 and fluctuated between INR 410.05 and INR 428.20 before breaching its upper circuit.
At this level, the company’s market capitalisation stood at INR 7,556.82 Cr, while its trading volume remained low at just 29.6K.
The rally in stock comes a day ahead of the company’s board meeting on February 5 to consider and approve the unaudited (standalone and consolidated) financial results for Q3 FY25.
In its first financial disclosure post-listing, BlackBuck slipped into the red in Q2 FY25 due to an exceptional loss of INR 320.74 Cr from a share-based payment expense.
The Flipkart-backed company reported a net loss of INR 308.38 Cr from continuing operations—nearly 7.8X higher than the INR 39.67 Cr loss in the year-ago quarter. Excluding this exceptional item, it would have posted a profit of over INR 12 Cr from its continuing operations.
The stock’s upsurge also aligns with a broader rally in benchmark indices, driven by the US administration’s temporary freeze on tariffs for Mexico and Canada and expectations of a 25-basis-point rate cut in the upcoming RBI monetary policy.
At 11:28 AM, the Sensex was trading 603.79 points (0.78%) higher at 77,783.89, while the Nifty 50 was up 172.80 points (0.74%) at 23,533.85.
Notably, Indian equities had begun the week on a bearish note on Monday, mirroring the decline in global markets amid concerns over former US President Donald Trump’s tariff plans.
