Unicommerce Shares Surge 8% Intraday Amid Broader Market Rally

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…