Multibagger Penny Stock Under Rs 70 In Focus As Jindal Stainless Renews Trust in This Logistics Company for International Steel Shipping
The stock is up by 83 per cent from its 52-week low of Rs 31.99 per share and gave multibagger returns of over 900 per cent in 5 years.
Tiger Logistics (India) Ltd, a BSE-listed pioneer in international logistics, announces the extension of its partnership with Jindal Stainless, a leading exporter of steel in India. This development underscores Tiger Logistics' proficiency in managing the intricate logistics associated with steel, a vital material for the nation’s industrial advancement.
Jindal Stainless, renowned for its substantial role in the global steel industry, continues to rely on Tiger Logistics for the reliable transportation of its steel products to international destinations. Under this extended agreement, Tiger Logistics will oversee global logistics for diverse steel products, ensuring uninterrupted shipment from India to over 30 countries. In FY24-25, Tiger Logistics managed more than 3,000 containers for Jindal Stainless.
The renewed agreement highlights Tiger Logistics' capabilities in handling large-scale, intricate, and high-value consignments, particularly in sectors like steel, which demand precision, security, and timely execution. Tiger’s global footprint and focus on logistics innovation affirm its status as a key contributor to international supply chains.
Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, expressed appreciation, stating, “We are privileged to support India’s role as a prominent steel exporter. By enabling the efficient transport of steel, we contribute to the success of our clients and the country. This renewed association with Jindal Stainless highlights our proficiency in managing steel logistics. The steel sector is a key component of India’s economic progress, and Tiger Logistics’ role ensures the reliable delivery of products to international destinations. This partnership reflects our commitment to India’s industrial goals while strengthening our position in global supply chains. At Tiger Logistics, we strive to remain the trusted logistics provider for our clients, and we thank our stakeholders for their confidence, which drives us to achieve new goals and build a successful future together.”
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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.
On Tuesday, shares of Tiger Logistics (India) Ltd plunged 1.13 per cent to Rs 58.50 per share from their previous closing of Rs 59.17 per share with an intraday high of Rs 61.88 per share and an intraday low of Rs 55.70 per share. The stock’s 52-week high is Rs 86.60 per share and its 52-week low is Rs 31.99 per share. The company have a market cap of over Rs 600 crore. The stock is up by 83 per cent from its 52-week low of Rs 31.99 per share and gave multibagger returns of over 900 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.