850 per cent returns: This multibagger micro-cap company secures government tender from Bharat Heavy Electricals Limited (BHEL)!
The shares of the company have a PE of 18.6x, an ROE of 27 per cent & a ROCE of 37.1 per cent and gave multibagger returns of 390 per cent in 2 years.
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 tender from Bharat Heavy Electricals Limited (BHEL) for exporting goods by air. This accomplishment is poised to significantly boost the company's air logistics operations.
This achievement is attributed to the prestigious Certificate of Accreditation granted by the International Air Transport Association (IATA), which has enabled the company to explore new opportunities in the realm of air export logistics that were previously inaccessible.
This recent government project is a noteworthy addition to the series of other successful government projects that our 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). These accomplishments underscore our company's expertise and dedication to effectively handling diverse government projects. The company's leadership holds a positive outlook regarding its role in managing logistics for government projects.
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On Friday, shares of Tiger Logistics (India) Ltd plunged 0.87 per cent to Rs 360.65 per share with an intraday high of Rs 370 and an intraday low of Rs 356. The shares of the company have a PE of 18.6x, an ROE of 27 per cent and a ROCE of 37.1 per cent. The company have a market cap of Rs 381.30 crore.
The stock gave multibagger returns of 390 per cent in 2 years and over 850 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.