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

Update | March 24, 5:05 PM

Shares of Unicommerce surged as much as 10.34% to INR 136.50 during the intraday trading on the BSE today (March 24).

The company’s shares ended the day’s trading 8.9% higher at INR 134.75 on the BSE.

Original Story | March 24, 2:22 PM

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 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.

At this point, the company’s market capitalisation stood at INR 1,364.93 Cr with a trade volume of 8.2 Lakh.

On Friday (March 21), Unicommerce announced purchasing the remaining 57.24% stake in Shipway, after it acquired 42.76% for INR 68.4 Cr in December 2024.

Additionally, Unicommerce’s board also amended its articles of association, as a result of this its investors SoftBank and B2 Capital will now be entitled to nominate one non-executive nominee director each on the company’s board.

The company has also announced the departure of three senior management personnel.

Today’s rally also came on the back of an upsurge in the broader Indian market indices. While Sensex was up 1.28% at 77,891.44 at 12:50 PM, Nifty 50 was also at a high of 1.24% at 23,640.25 points.

Unicommerce Market Performance: Unicommerce debuted on Dalal Street on August 13, 2024 at a listing price of INR 230 on BSE. This was a premium of 112.9% from its issue price of INR 108.

The stock is 46.21% below its listing price at the previous closing price. However, it has surged 4% in the last month.

The stock has fallen 23.63%% on a year-to-date basis against Sensex’s fall of 0.76% during the same period.

The downturn on the year-to-date basis came on the back of the Indian stock market experiencing record lows in late 2024 and throughout 2025 until last week.

Factors that contributed to weakening of market, included, slowdown in corporate earnings growth, foreign Institutional Investors (FIIs) aggressive shares offload exacerbated by rising US bond yields and a strong dollar against rupee that made US markets more attractive.

Unicommerce Expansion Plans: After announcing a strong December quarter result, Unicommerce intends to drive growth in the coming quarters, with a focus on improving profitability. Its promoters and directors Kunal Bahl and Rohit Kumar Bansal have also ramped up their their stakes in the listed SaaS company.

Notably, the company’s consolidated net profit climbed 62.1% year on year and 40.7% quarter on quarter to INR 6.29 Cr in Q3 FY25 while its revenue jumped 26% yearly and 11.7% quarterly to INR 32.74 Cr for the period under consideration.

Unicommerce is tapping into the country’s ecommerce growth to double down on its total addressable market. It will be opting for complementary offerings, client acquisition, and an extended product suite, managing director and CEO Kapil Makhija said in a post-earnings call.