Unicommerce Shares Dip 4% To Hit Fresh 52-Week Low

Unicommerce Shares Dip 4% To Hit Fresh 52-Week Low

SUMMARY

Shares of Unicommerce fell 3.84% to hit a 52-week low of INR 141.25 during intraday trading today, with the stock closing 3.61% lower at INR 141.60 on BSE

The stock has declined 17% in the last month and trades 46% below its 52-week high of INR 264, with trading volumes of 4.05 lakh shares across exchanges today

Since its market debut in August 2024 at INR 230 (113% premium to IPO price), the stock has fallen over 38%

Shares of ecommerce SaaS company Unicommerce Esolutions plunged 3.84% to hit a fresh 52-week low of INR 141.25 apiece on the BSE during intraday trading today (January 24).

However, the stock recovered slightly to close the day 3.61% lower at INR 141.60 on the BSE. At the end of market operating hours, the company’s market capitalisation stood at INR 1,450.47 Cr ($174.76 Mn).

The stock saw trading activity of 4.05 lakh shares during today’s trading session, with transactions spread across both BSE and NSE.

Unicommerce shares have ended in green in 6 out of the last 10 trading sessions. However, the stock has given a negative return of around 17% over the last 30 days and is still 46% behind its 52-week high of INR 264.

Unicommerce posted a revenue of INR 29.30 Cr in the second quarter of the financial year 2024-25, up from INR 27.46 Cr in the first quarter. The company reported a net profit of INR 4.47 Cr.

Founded in 2012 by Karun Singla, Ankit Pruthi and Vibhu Garg and later joined by Manish Gupta, Unicommerce was acquired by Snapdeal in 2015. The company provides SaaS solutions helping sellers manage inventory across major Indian ecommerce platforms.

The company made its market debut in August 2024, with shares listing at INR 230 on the BSE, marking a 113% premium over the IPO issue price. Since listing, the stock has plummeted over 38%.

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Unicommerce Shares Dip 4% To Hit Fresh 52-Week Low-Inc42 Media
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