Multibagger in just 6 months and FIIs increase stake: Board announces stock split; scrip trades at high ROE & high ROCE!

Multibagger in just 6 months and FIIs increase stake: Board announces stock split; scrip trades at high ROE & high ROCE!

Kiran Shroff

The stock gave multibagger returns of 120 per cent in just 6 months, 285 per cent in 2 years and a whopping 2,000 per cent in 3 years.

Today, shares of Tiger Logistics (India) Ltd gained 10.13 per cent to an intraday high of Rs 868 per share from its previous closing of Rs 788.15. At the closing bell, shares of the company were trading at Rs 838.40 per share, up 6.39 per cent. The company's shares have an ROE of 27.1 per cent and an ROCE of 37.7 per cent.

The Board of Directors of the company have approved the proposal of sub-division/ stock split of the company’s 1 (one) equity share having a face value of Rs 10 each into 10 (ten) equity shares of the company having a face value of Rs 1 each, subject to the approval of shareholders and such other approvals as may be required. The expected completion is tentatively within 2 months from the date of the Board's approval which was today.  

BSE-listed logistics leader Tiger Logistics has solidified its entry into the lucrative petro sector by securing another government tender from Hindustan Petroleum Corporation Limited. This strategic win not only showcases their expertise in cargo and project logistics but also unlocks further opportunities for growth and strengthens their presence in the industry, paving the way for continued success and positive contributions.

Tiger Logistics India Ltd. is a third-party logistics services provider. Its business covers international freight forwarding, supply chain management, project logistics, defence logistics, and cold chain logistics. As of September 2023, FIIs have increased their stake to 1.07 per cent from 0.22 per cent in June 30.

The company have a market cap of Rs 866 crore. The stock gave multibagger returns of 120 per cent in just 6 months, 285 per cent in 2 years and a whopping 2,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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