1,000 per cent returns: This multibagger micro-cap company triumphs in winning big government contract with Bharat Earth Movers Limited!
The shares of the company have a PE of 20.2x, an ROE of 27 per cent and an ROCE of 37.1 per cent with a spurt in volume by more than 5 times on BSE.
Tiger Logistics (India) Ltd., a prominent third-party logistics company specializing in international cargo and project logistics, is pleased to announce a significant achievement. The company has successfully secured a substantial government contract from Bharat Earth Movers Limited (BEML). We secured this government project through a competitive bidding process, and it is anticipated to yield revenue of approximately Rs 10 crore.
In less than a month, the company also successfully secured a government contract from Bharat Heavy Electricals Limited (BHEL) in August. This recent BEML contract is a notable addition to Tiger Logistics' growing portfolio of government contracts that the company has managed over the years. Some of the notable projects include Bank Note Paper Mill India Private Limited, Hindustan Insecticides Limited (HIL), Airports Authority of India (AAI), Hindustan Aeronautics Limited (HAL), Bharat Earth Movers Limited (BEML), National Automotive Testing and R&D Infrastructure Project (NATRiP), Indian Oil Corporation Limited (IOCL), Chittaranjan Locomotive Works (CLW), IRCON International Limited, and National Institute of Solar Energy (NISE). The company's leadership is optimistic about its role in managing logistics for government projects.
On Thursday, one of the Top Gainers on BSE, shares of Tiger Logistics (India) Ltd jumped 9.25 per cent to an intraday high of Rs 394 per share from its previous closing of Rs 360.65. The shares of the company have a PE of 20.2x, an ROE of 27 per cent and an ROCE of 37.1 per cent with a spurt in volume by more than 5 times on BSE.
The company have a market cap of Rs 414 crore. The stock gave multibagger returns of 260 per cent in 2 years and over 1,000 per cent returns 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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