Stock split: Is this micro-cap multibagger company on your radar ahead of the record date?

Over the past six months, shares have soared more than 100 per cent, effectively doubling the wealth of investors.

In Friday's trading session, the Indian frontline indices experienced a sharp rally, reaching record highs. Leading the gains were stocks in the metals, capital goods, banking, and automotive sectors, while the BSE Healthcare and BSE Information Technology indices were the only ones to register losses.

Amidst widespread optimism in the overall market and the spotlight on numerous stocks experiencing robust gains, Tiger Logistics (India) Ltd, a micro-cap multibagger stock, continued to attract investor attention despite being locked at a 5 per cent lower circuit.

The heightened attention on the company stemmed from the upcoming record date it had set for a stock split, scheduled for March 4, 2024. It has announced that each existing equity share with a face value of Rs 10 will be subdivided into 10 equity shares with a face value of Re 1 each.

Over the past six months, shares of Tiger Logistics (India) Ltd have soared more than 100 per cent, effectively doubling the wealth of investors. However, they are currently trading more than 16 per cent below their 52-week high of Rs 870 per share on the BSE.

Tiger Logistics (India) Ltd is a leading international logistics company and solutions provider, offering a comprehensive range of services including air freight, ocean freight, transportation, supply chain financing, cold chain logistics, and customs clearance. With a robust presence nationwide, the company brings to the table over 22 years of industry experience, catering to a diverse clientele spanning automotive, engineering, textiles, pharmaceuticals, commodities, FMCG, and various other industries.

Disclaimer: The article is for informational purposes only and not investment advice.