BlackBuck Shares Rally 2% After JM Financial Initiates Coverage With ‘Buy’

Shares of Zinka Logistics Solutions, the parent company of BlackBuck, jumped more than 2% at INR 412.10 apiece on the BSE

Brokerage JM Financial initiated a ‘buy’ rating on the company’s stock, betting on BlackBuck’s business future cash flow, along with a price target (PT) of INR 570

As of 12:23 PM, the company’s shares were up about 1.4% at INR 408.95 apiece on the BSE, compared to its last close of INR 403.35 per share

Shares of Zinka Logistics Solutions, the parent company of BlackBuck, jumped more than…