Multibagger Logistics Stock Under Rs 75: Tiger Logistics Honoured with CONCOR EXIM Star Award 2023-24 for Outstanding Contributions to Global Trade
The stock gave multibagger returns of 121 per cent from its 52-week low of Rs 31.99 per share and a whopping 1,250 per cent in 5 years.
On Wednesday, shares of Tiger Logistics (India) Ltd. gained 0.84 per cent to Rs 70.70 per share from their previous closing of Rs 70.11 per share. The stock’s 52-week high is Rs 87 per share and its 52-week low is Rs 31.99 per share.
Tiger Logistics (India) Ltd., a prominent player in the global logistics sector and listed on the Bombay Stock Exchange, has been recognized for its outstanding contributions to the EXIM trade sector. The company has been awarded the prestigious CONCOR EXIM Star Award 2023-24 - Special Recognition Award for Pant Nagar - CHA, Area-1. This award, bestowed by the Container Corporation of India (CONCOR), acknowledges Tiger Logistics' significant role in facilitating smooth international trade and efficient customs operations. This recognition further solidifies the company's dedication to excellence in the EXIM trade domain.
With a rich history spanning over two decades, Tiger Logistics has garnered a strong reputation for reliability and expertise across a diverse range of industries, including automotive, energy, textiles, engineering, agriculture, petroleum products, and pharmaceuticals. The company's comprehensive approach, encompassing integrated customs solutions, freight forwarding, and transportation services, perfectly aligns with the Indian government's vision of reducing logistics costs, enhancing efficiency, and creating a competitive trade environment under the "Viksit Bharat" initiative. Tiger Logistics continues to play a crucial role in connecting India's supply chain to the global market through innovative strategies and unparalleled expertise.
Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, expressed gratitude for this achievement, stating, “We are deeply honoured to receive this prestigious recognition from CONCOR, which validates our team’s relentless dedication to excellence. We extend our sincere thanks to our dedicated employees and trusted partners like CONCOR, whose unwavering support has been vital to our success. Our mission remains steadfast—simplifying customs processes, advancing multimodal connectivity, and bolstering India’s trade strength. At Tiger Logistics, we are committed to becoming the preferred logistics partner for our clients, and we deeply appreciate the trust and support of all our stakeholders which inspires us to reach even greater milestones as we move toward a prosperous 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.
The company have a market cap of over Rs 700 crore. The stock gave multibagger returns of 121 per cent from its 52-week low of Rs 31.99 per share and a whopping 1,250 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.