Unicommerce Shares Surge 8% Intraday Amid Broader Market Rally

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SUMMARY

Previously, the company completed the buyout of courier aggregator platform Shipway by purchasing the remaining 57.24% stake

At 12:42 PM, the stock was trading 7.7% higher at INR 133.25 against the previous closing of INR 123.70

Today’s stock rally fell in alignment with an upsurge in the broader Indian market indices

Shares of Unicommerce surged as much as 8% to INR 133.60 during the intraday trading on the BSE today.

This comes three days after the ecommerce-focussed SaaS major said it has completed the buyout of…



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Unicommerce Shares Surge 8% Intraday Amid Broader Market Rally


SUMMARY

Previously, the company completed the buyout of courier aggregator platform Shipway by purchasing the remaining 57.24% stake

At 12:42 PM, the stock was trading 7.7% higher at INR 133.25 against the previous closing of INR 123.70

Today’s stock rally fell in alignment with an upsurge in the broader Indian market indices

Shares of Unicommerce surged as much as 8% to INR 133.60 during the intraday trading on the BSE today.

This comes three days after the ecommerce-focussed SaaS major said it has completed the buyout of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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