This multibagger stock zooms by more than 7 per cent as it continues collaboration with Singapore Airlines!

The company has delivered returns of 44 per cent over the past year and stellar returns of 934 per cent over the past 3 years.

Shreeji Translogistics Limited (STL) is a logistics company based in Vashi, Navi Mumbai, established in 1984. It provides freight management, logistics solutions, and warehousing services. STL offers a range of services including full truck load transport, less than truck load (LTL), import-export, and Over Dimensional Cargo (ODC) services. Their fleet comprises various types of trucks for different transportation needs. With around 300 owned trucks and over 4,500 outsourced trucks, STL is equipped to handle diverse logistical requirements. The company is led by a team of experienced professionals in the logistics sector.

STL announces its successful renewal of their contract with Singapore Airlines, a renowned and esteemed airline company. This renewed contract strengthens the collaboration between STL and Singapore Airlines, allowing STL to leverage the airline's extensive network and resources. With this continued partnership, STL will utilize their expertise and advanced logistics capabilities to effectively meet the evolving needs of Singapore Airlines, ensuring seamless transportation of goods.

The company has delivered returns of 44 per cent over the past year and stellar returns of 934 per cent over the past 3 years. Furthermore, the company has been able to grow its sales by 19 per cent (CAGR) over the past 3 years and profit by 87 per cent (CAGR) over the same period.

On Friday, shares of the company surge by more than 7.89 per cent to trade at Rs 67.80. Additionally, the scrip had a spurt in volume by more than 2.73 times.

Investors should keep a close eye on this trending stock.