- By Aditya Pratap Singh
- Tue, 20 Aug 2024 11:57 AM (IST)
- Source:JND
Unicommerce eSolutions' shares surged 16% in morning trade on Tuesday and reached an intraday high of Rs 264 per share, which is a new 52-week high price for the stock. Earlier on Monday, this stock climbed by approximately 20%, in this way, it has consolidated a rise of up to 40% in only just two trading sessions.
Listed at a 117% premium
The unicommerce e-solution stock was listed on Dalal Street on August 13 at a premium of 117.59%. It opened at Rs 235 per share against the upper band of IPO price - Rs 108. The stock climbed on the first day and reached Rs 256 during trading. With today's intraday high, the stock is being traded 144.5% higher than its IPO price in only three trading days. Market Analysts are seeing positive intent in the stock.
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Company Business
Unicommerce E-Solutions offers a comprehensive suite of software solutions designed to simplify post-purchase e-commerce operations. Their offerings include systems for warehouse and inventory management, multi-channel order management, omnichannel retail management, a vendor management panel for marketplaces, logistics tracking, courier allocation, and payment solutions. As of March 31, 2024, the firm boasts of 101 integrations with logistics partners and 11 integrations with different ERP and POS systems, facilitating seamless supply chain operations for its consumers.
