1,400 per cent returns & FIIs increase stake: This multibagger micro-cap company gears up to revolutionize global logistics with FreightJar Beta Version Launch!

The company's shares have an ROE of 27.1 per cent and an ROCE of 37.7 per cent with a spurt in volume by more than 5.01 times on BSE.

Tiger Logistics (India) Ltd is revving its engine for international expansion with the upcoming beta launch of FreightJar, its proprietary digital logistics platform. Originally launched in April 2023, FreightJar is now poised to conquer the global market, empowering overseas importers, exporters, and logistics companies.

The beta version marks a significant leap forward, offering international users’ direct access to freight rates from India to various corners of the world and vice versa. This groundbreaking feature allows for online shipment booking, streamlining the user experience and injecting a dose of convenience and efficiency into global logistics.

This strategic move underscores Tiger Logistics' unwavering commitment to simplifying and enhancing international trade processes. By prioritizing the interests and prosperity of its valued shareholders, the company aims to empower the international trade community with a robust and user-friendly platform. The anticipated positive impact of the beta launch promises to benefit not only international trade as a whole but also generate substantial returns for Tiger Logistics stakeholders.

With the FreightJar beta launch on the horizon, Tiger Logistics is poised to become a game-changer in the global logistics landscape, connecting the world with greater ease and efficiency.

Today, shares of Tiger Logistics (India) Ltd jumped 7.14 per cent to an intraday high & 52-week high of Rs 656 per share from its previous closing of Rs 612.30. At the closing bell, shares of the company were trading at Rs 595.65 per share, down 2.72 per cent due to a sudden market fall. The company's shares have an ROE of 27.1 per cent and an ROCE of 37.7 per cent with a spurt in volume by more than 5.01 times on BSE.

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 over Rs 600 crore. The stock gave multibagger returns of 320 per cent in 2 years and a whopping 1,400 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.