Multibagger Logistics Stock Under Rs 80 to Keep Under Radar as Company is Likely to Raise Funds for Business Expansion
The stock gave multibagger returns of 124 per cent from its 52-week low of Rs 31.99 per share, 360 per cent in 3 years and a whopping 1,540 per cent in 5 years.
On Wednesday, shares of Tiger Logistics (India) Ltd plunged 1.42 per cent to Rs 71.75 per share from its previous closing of Rs 72.78 per share. The stock’s 52-week high is Rs 87 and its 52-week low is Rs 31.99.
The Board of Directors of the Company is scheduled to be held on Monday, December 09, 2024, at the Company's corporate office. The primary agenda items for this meeting include: (1) finalizing a comprehensive business growth plan for the upcoming years, encompassing strategies for accelerated growth, evaluation of market opportunities, and a review of the Company's competitive positioning; (2) exploring potential financing options for the growth plan, such as issuing equity shares, convertible instruments, or other securities through private placement or other permissible modes, subject to necessary approvals; and (3) any other matter as permitted by the Chairman.
Tiger Logistics (India) Limited has further solidified its position in the logistics industry by renewing partnerships with key Public Sector Undertakings (PSUs). BHEL, BEML, and BNPLIPL have once again entrusted Tiger Logistics with their international freight handling needs, highlighting the company's proven ability to efficiently manage complex logistics operations. Earlier this year, Tiger Logistics achieved significant milestones by securing a warehousing services deal with BHEL and successfully completing crucial logistics assignments for AAI and HAL, demonstrating its growing influence in the government sector.
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About the Company
Tiger Logistics (India) Limited, a leading international logistics company listed on the Bombay Stock Exchange (BSE), has also launched FreightJar 2.0. This significant upgrade to its proprietary freight booking and management platform is designed to empower businesses of all sizes to handle their import shipments with greater ease and efficiency. FreightJar 2.0 offers a comprehensive suite of features that streamline the entire import process, from initial booking to final delivery. Businesses can now seamlessly manage Full Container Load (FCL), Less than Container Load (LCL) and Air Freight shipments, leveraging the platform's intuitive interface and advanced functionalities.
According to Quarterly Results, the net sales increased by 199 per cent to Rs 160.17 crore and net profit increased by 134 per cent to Rs 7.54 crore in Q2FY25 compared to Q2FY24. In its annual results, the company reported net sales of Rs 240 crore and net profit of Rs 13 crore in FY24. Looking at the half-yearly results, the net sales increased by 173 per cent to Rs 261.33 crore and net profit increased by 124 per cent to Rs 12.17 crore in H1FY25 compared to H1FY24.
The company have a market cap of over Rs 750 crore. The stock gave multibagger returns of 124 per cent from its 52-week low of Rs 31.99 per share, 360 per cent in 3 years and a whopping 1,540 per cent in 5 years. Investors should keep an eye on this micro-cap logistics stock.
Disclaimer: The article is for informational purposes only and not investment advice.