look news india
Zinka Logistics Solutions Share Price: Some stocks give tremendous returns to their investors. One such company, Zinka Logistics Solutions, has given tremendous returns to investors in less than a month. The company operates ‘BlackBuck’, a digital platform for trucking and freight transportation. In the last trading session, there was a huge jump in the shares of the company and it reached Rs 546.80. This is the highest level of shares of the company till date. The stock has gained 36% in the last five days.
Share price more than doubled
Jinka’s share price has more than doubled during the month of December. Share price Rs. With an increase of 102 percent it has become Rs 270.95. On Monday, the stock traded more than 100 per cent higher than its issue price of Rs 273 per share. On November 27, the share fell below the issue price to Rs 248.25. Jinka was listed in the stock market on 22 November but the company did not have a good start. Shares of the company closed at Rs 260.20 on BSE. It was 5 percent below the price band.
on 22 november
Blackbuck got listed on the stock exchange and issued an IPO in the month of November. The last date for bidding in its IPO is 18 November 2024. The IPO was oversubscribed 1.86 times. Among these, large investors, called QIBs, showed the most interest. They subscribed the IPO 2.72 times. After this, the IPO also got good response from common investors and they subscribed 1.7 lots. Then this share was listed in the stock market on 22 November.
Jinka provides various services to truck operators through its digital platform ‘BlackBuck’. These services include payments, vehicle status information, marketplace for goods and vehicle financing. The company aims to make the work of truck operators easier. For this they use digital tools, which will increase the efficiency of truck operators and give them more profits.