Multibagger penny stock under Rs 75 from the logistics sector, hit back-to-back upper circuits; PAT jumps 120 per cent in Q1
The stock gave multibagger returns of 119.2 per cent from its 52-week low of Rs 31.99 per share, 433 per cent in 3 years and a whopping 1,785 per cent in a decade.
Today, shares of Tiger Logistics (India) Ltd gained 5 per cent upper circuit to an intraday high of Rs 70.12 per share from its previous closing of Rs 66.79 per share. The stock’s 52-week high is Rs 87 and its 52-week low is Rs 31.99. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
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.
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.
In a recent bulk deal, North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund purchased 19,69,033 shares at Rs 32.9 per share, while Radiant Global Fund-Class B Participating Shares sold 14,69,033 shares at the same price. Concurrently, the stock underwent a stock split, dividing each existing equity share with a face value of Rs 10 into 10 equity shares, each having a face value of Re 1. The record date for this stock split was Monday, March 4, 2024. Foreign Institutional Investors (FIIs) have demonstrated growing interest in Tiger Logistics (India) Ltd, with their stake increasing to 8.70 per cent in June 2024 from 8.19 percent in March 2024.
According to Quarterly Results, the net sales increased by 141 per cent to Rs 101.16 crore and net profit increased by 120 per cent to Rs 4.63 crore in Q1FY25 compared to Q1FY24. In its annual results, the company reported net sales of Rs 240 crore and net profit of Rs 13 crore in FY24.
The company have a market cap of Rs 741.34 crore. The stock gave multibagger returns of 119.2 per cent from its 52-week low of Rs 31.99 per share, 433 per cent in 3 years and a whopping 1,785 per cent in a decade. Investors should keep an eye on this micro-cap logistics stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Multibagger electrical equipment stock is in focus as company bought 1,38,800 equity shares of Swiggy Ltd worth Rs 4,99,68,000