Zinka Logistics share price hits 5% upper circuit, jumps 87% in less than 3 months; should you buy?

Zinka Logistics share price has been on a solid uptrend of late. Zinka Logistics stock opened at a 5 per cent upper circuit of ₹510.85 on Monday, February 10, extending gains for the 10th consecutive session. On a monthly scale, the stock has jumped nearly 34 per cent in February so far after a 20 per cent decline last month. In December, the stock had surged 78 per cent.

Shares of Zinka Logistics Solutions debuted on the Indian bourses on November 22 last year. At the current market price of ₹510.85, the small-cap stock is up over 87 per cent against its issue price of ₹273 in less than three months.