Heavy Buying Alert: Logistics Penny Stock Under Rs 75 Gains 8 Per Cent; PAT jumps over 130 per cent in Q2FY25
The stock gave multibagger returns of 122 per cent from its 52-week low of Rs 31.99 per share, 350 per cent in 3 years and a whopping 1,480 per cent in a decade.
Today, shares of Tiger Logistics (India) Ltd gained 8 per cent to Rs 71 per share from its previous closing of Rs 65.72 per share. The stock’s 52-week high is Rs 87 and its 52-week low is Rs 31.99. The shares of the company saw a spurt in volume by more than 2 times on BSE.
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.
Tiger Logistics has showcased significant growth in its recent financial performance. The company's net sales and net profit for the second quarter of the fiscal year 2025 (Q2 FY25) surged by 199% and 134%, respectively, compared to the same period in the previous year. This robust growth trajectory is further evident in the half-yearly results, with net sales and net profit increasing by 173% and 124%, respectively, in H1 FY25 over H1 FY24.
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The company's operational efficiency and market demand have been instrumental in driving this growth. Tiger Logistics experienced a 34.7 per cent year-over-year (YoY) increase in TEU volumes for Q2 FY25, handling 16,781 TEUs. For the first half of the fiscal year, TEU volumes reached 33,967, representing a 53.5 per cent YoY increase. Additionally, the company's air transport volume witnessed a remarkable 4.5x increase in Q2FY25 compared to the same period last year, highlighting its expanding capabilities in diverse logistics services. While the PAT margin experienced a slight decline, it remains positive at 4.7 per cent.
The company have a market cap of over Rs 700 crore. The stock gave multibagger returns of 122 per cent from its 52-week low of Rs 31.99 per share, 350 per cent in 3 years and a whopping 1,480 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.