1,700 per cent returns & FIIs increase stake: This multibagger micro-cap company bags new order from Hindustan Petroleum Corporation Ltd!
The stock gave multibagger returns of 300 per cent in 2 years and a whopping 1,700 per cent returns in 3 years.
Tiger Logistics (India) Limited, a BSE-listed leading international logistics player known for its expertise in handling the import and export of cargo and projects, announced a significant achievement. The company has been awarded another government tender from Hindustan Petroleum Corporation Limited (HPCL) marking a significant milestone in entering the petro segment.
This accomplishment positions our company to explore further opportunities in the petro-sector, allowing us to broaden our footprint and strengthen our presence in the logistics business. We look forward to continuing our successful endeavours and contributing positively to the industry.
Additionally, the company inform you that a meeting of the Board of Directors of the company is scheduled to be held on Tuesday, January 09, 2024 inter-alia to consider and approve the proposal for sub-division/ stock split of existing equity shares of the company having a face value of Rs 10 each, fully paid up, in such manner as may be determined by the Board of Directors subject to the approval of Shareholders of the company and/or any other regulatory/statutory approvals (if any).
On Monday, shares of Tiger Logistics (India) Ltd jumped 3.2 per cent to an intraday high of Rs 734 per share from its previous closing of Rs 711.30. At the closing bell, shares of the company were trading at Rs 721.35 per share, up 1.41 per cent. The company's shares have an ROE of 27.1 per cent and an ROCE of 37.7 per cent.
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 763 crore. The stock gave multibagger returns of 300 per cent in 2 years and a whopping 1,700 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.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.