Multibagger penny stock under Rs 70 from the logistics sector, hit 10 per cent upper circuit as PAT jumps over 130 per cent in Q2FY25
The stock gave multibagger returns of 114 per cent from its 52-week low of Rs 31.99 per share, 400 per cent in 3 years and a whopping 1,750 per cent in a decade.
Today, shares of Tiger Logistics (India) Ltd hit a 10 per cent upper circuit to an intraday high of Rs 68.47 per share from its previous closing of Rs 62.25 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.
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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 114 per cent from its 52-week low of Rs 31.99 per share, 400 per cent in 3 years and a whopping 1,750 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.