Multibagger Penny Stock Under Rs 70 From Logistics Sector Jumps 9.3 Per Cent on January 14, Here’s Why
The stock gave multibagger returns of 107.34 per cent from its 52-week low of Rs 31.99 per share and a whopping 1,175 per cent in 5 years.
On Tuesday, shares of Tiger Logistics (India) Ltd jumped 9.34 per cent to Rs 66.33 per share from their previous closing of Rs 60.66 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.
Update 1: Tiger Logistics (India) Ltd has been recognized with the prestigious CONCOR EXIM Star Award 2023-24. This award acknowledges the company's significant contributions to facilitating seamless global trade and optimizing customs operations. With a strong track record spanning over two decades, Tiger Logistics plays a crucial role in connecting India's supply chain with the global economy through innovative solutions and expertise. This recognition underscores the company's commitment to excellence and aligns with the Government of India's vision for a competitive and efficient trade ecosystem.
Update 2: Tiger Logistics (India) Ltd has been empanelled by Hindustan Petroleum Corporation Limited (HPCL) for strategic logistics services. This significant achievement underscores Tiger Logistics' position as a trusted partner, recognized for its high-quality and reliable solutions. The empanelment will see Tiger Logistics supporting HPCL's crucial freight and customs handling operations, ensuring smooth and efficient processes for both imports and exports. This follows earlier successful collaborations with BHEL, BEML, and BNPLIPL, solidifying Tiger Logistics' expertise in air and sea cargo operations. Notably, the company has secured a warehousing contract with BHEL and undertaken significant logistics projects for AAI and HAL. Tiger Logistics views partnerships with public entities and PSUs as key to its growth strategy, leveraging its capabilities to manage complex global shipments for critical needs.
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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 107.34 per cent from its 52-week low of Rs 31.99 per share and a whopping 1,175 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.