The domestic equity benchmarks traded with minor losses in early afternoon trade. The Nifty slipped below the 25,900 level. IT shares declined after advancing in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex declined 122.98 points or 0.14% to 84,792.11. The Nifty 50 index fell 58.30 points or 0.21% to 25,886.60. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.80% and the S&P BSE Small-Cap index shed 0.53%. The market breadth was negative. On the BSE, 1,531 shares rose and 2,316 shares fell. A total of 113 shares were unchanged. Economy: Moody's has revised its calendar year 2024 growth forecast for India to 7.1% from its earlier estimates of 6.8% in June, as it expects growth in the Asia-Pacific region to outpace the global economy. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.89% to 13.27. The Nifty 26 September 2024 futures were trading at 26,033.05, at a premium of 146.45 points as compared with the spot at 25,886.60. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 139.3 lakh contracts at the 27,000 strike price. Maximum Put OI of 107.9 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty IT index fell 1.16% to 41,754.45. The index advanced 0.67% in the past trading session. LTIMindtree (down 2.96%), Tech Mahindra (down 2.63%), Coforge (down 1.47%), Mphasis (down 1.34%) and Wipro (down 1.24%), Persistent Systems (down 1.22%), L&T Technology Services (down 1.12%), HCL Technologies (down 0.99%), Infosys (down 0.93%) and Tata Consultancy Services (down 0.47%) declined. Stocks in Spotlight : Snowman Logistics slipped 3.63% after the company said that its Chief Executive Officer (CEO), Sunil Prabhakaran Nair has resigned with effect from the close of business hours of 30 November 2024, due to his personal reasons. Ecos (India) Mobility & Hospitality slipped 2.95% after the company reported standalone net profit of Rs 13.50 crore in Q1 FY25, marking a de-growth of 2.87% as compared with the PAT of Rs 13.90 crore recorded in Q1 FY24. Revenue from operations increased by 14.01% to Rs 148.90 crore in Q1 FY25 from Rs 130.60 crore posted in Q1 FY24.Powered by Capital Market - Live

Sunil Prabhakaran Nair shall remain associated with the company in the role of a consultant. Padamdeep Singh Handa will take over as the Chief Executive Officer with effect from 01 December 2024. Padamdeep Singh Handa has a Masters in Business Administration, and overall professional of experience of 15 years in the field of logistics and supply chain management across key areas such as cold chain logistics, exports and imports, transportation, and customs handling. He has been associated with the company for seven years, with his last role as Chief Commercial Officer heading the sales and marketing function of the company and overlooking operations. Snowman Logistics is the market leader in integrated temperature-controlled logistics services, catering to the varied cold chain logistical requirements of its clients, on a pan-India basis. The company's standalone declined 47% to Rs 1.79 crore in Q1 FY25 as compared with Rs 3.38 crore in Q1 FY24. Net sales increased 8.9% YoY to Rs 140.23 crore in Q1 FY25.Powered by Capital Market - Live

The Board of Snowman Logistics at its meeting held on 24 September 2024 has accepted the resignation of Sunil Prabhakaran Nair as Chief Executive Officer & Whole-time Director, and Key Managerial Personnel, with effect from the close of business hours of 30 November 2024. Further, Sunil Prabhakaran Nair shall remain associated with the Company in the role of a consultant. The Board also approved the appointment of Padamdeep Singh Handa as Whole Time Director & Chief Executive Officer, and Key Managerial Personnel, of the Company with effect from 01 December 2024. Powered by Capital Market - Live

Snowman Logistics announced that the 31th Annual General Meeting (AGM) of the company will be held on 19 September 2024.Powered by Capital Market - Live

Snowman Logistics announced that the Board of Directors of the Company at its meeting held on 8 August 2024, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Snowman Logistics declined 47.04% to Rs 1.79 crore in the quarter ended June 2024 as against Rs 3.38 crore during the previous quarter ended June 2023. Sales rose 8.90% to Rs 140.23 crore in the quarter ended June 2024 as against Rs 128.77 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales140.23128.77 9 OPM %16.7218.81 - PBDT18.2319.82 -8 PBT2.526.21 -59 NP1.793.38 -47 Powered by Capital Market - Live

Snowman Logistics will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live