Zinka Logistics Hits 5% Upper Circuit, Surges 87% in Less Than 3 Months

Zinka Logistics shares price continued their strong rally, hitting the 5% upper circuit at ₹510.85 on Monday, February 10. The stock has been on a winning streak for 10 consecutive sessions.

Stock Performance

• February Gains: Up 34% so far this month after a 20% dip in January.
• December Rally: The stock surged 78% in December.
• Overall Rise: Since its listing on November 22, 2024, the stock has gained 87% from its IPO price of ₹273.
• All-Time High & Low: The stock hit a record high of ₹548 on December 27 and a low of ₹248.25 on November 27.

Financial Highlights

Zinka Logistics Solutions reported a net loss of ₹48 crore for the quarter ending December 31, 2024, higher than the ₹19.5 crore loss in the same period last year. However, this was a significant improvement from the ₹269 crore loss in the previous quarter (July-September).

The company’s revenue from operations surged 41% to ₹113.9 crore in Q3 FY25, compared to ₹80 crore in the same quarter last year. Total income also increased to ₹123 crore from ₹91 crore. Zinka Logistics made a modest stock market debut on November 22, 2024. Its shares were listed at ₹280.90 on NSE, a 2.89% premium, and at ₹279.05 on BSE, a 2.2% premium.

Through its BlackBuck platform, Zinka Logistics has become India’s largest digital network for truck operators, handling 413.34 million transactions and covering 27.52% of the truck operator market in FY24. The platform supports toll payments, fuel management, fleet tracking, and load matching for truck operators.

About Zinka Logistics

Zinka Logistics provides truck drivers with a digital platform called the BlackBuck app, which helps them manage freight, payments, telematics, and auto financing.

• Market Reach: In FY24, around 9.63 lakh truck operators (27.52% of India’s total) used the platform.
• Backed by Flipkart: The company’s IPO was open for subscription from November 13 to 18 and was subscribed 1.87 times.

Zinka Logistics continues to attract investor interest, with its stock showing strong momentum in recent months.

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