Logistics Penny Stock Under Rs 60 Jumps 10 Per Cent From Intraday Low
The shares of the company saw a spurt in volume by more than 1.15 times on BSE.
On Friday, shares of Tiger Logistics (India) Ltd surged 10 per cent to Rs 53 per share from an intraday low of Rs 48.10 per share. The stock’s 52-week high is Rs 80.44 per share and its 52-week low is Rs 31.99 per share. The shares of the company saw a spurt in volume by more than 1.15 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 209 per cent to Rs 160.47 crore and net profit increased by 129 per cent to Rs 8.42 crore in Q3FY25 compared to Q3FY24. 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 nine-month results, the net sales increased by 186 per cent to Rs 421.8 crore and net profit increased by 129 per cent to Rs 20.59 crore in 9MFY25 compared to 9MFY24.
Tiger Logistics' TiGreen division, launched in March 2024, is strategically capitalizing on India's booming solar market and increased Chinese module imports. To manage its explosive growth—monthly volumes rose from 300 to 1,500 TEUs within months—the company has appointed logistics expert Aditya Shankar and is aggressively targeting the U.S. export market. This expansion, leveraging India's 23-fold increase in PV exports and its "China Plus One" positioning, is projected to generate an additional ₹100-₹150 crore in annual revenue, establishing TiGreen as a leading 3PL provider in renewable energy logistics.
The company have a market cap of over Rs 550 crore. The stock is up 66 per cent from its 52-week low of Rs 31.99 per share and gave multibagger returns of over 1,800 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.