1:10 Stock Split: Logistics Stock Issues Record Date Post HPCL Order Win, Up 127% In 6-Months

Small cap logistics solution provider, Tiger Logistics (India) Ltd today fixed March 4, 2024 as the record date for stock split/sub-division of shares in the ratio of 1:10. The company on January 9 recommended stock split in the ratio of 1:10.

Last trading price of Tiger Logistics shares on BSE is Rs 809.35 apiece with intraday rally of 2.92%. Tiger Logistics shares delivered shareholders attractive returns of 127% in last 6-months, according to BSE data. Check details below:

Tiger Logistics Fixes March 4, 2024 As Record Date: As per the BSE filing of the company dated February 17, 2024, "we wish to inform you that pursuant to the shareholders' approval obtained through postal ballot on 10th February, 2024, the Board of Directors of the Company has fixed March 4, 2024 as record date as mentioned below in the table for the purpose of sub-division/split of 1 (one) Equity Share of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having face value of Re. 1 each."

Tiger Logistics Shares Performance & Return: The 52-week high price of Tiger Logistics shares on BSE is Rs 870.00 apiece and 52-week low price is Rs 335.00 apiece, respectively. The company has a market capitalisation of Rs 855.69 crore. Tiger Logistics shares gained 43% in last 3-months, zoomed 113% in last 1-year, and offered return of 239% in last 2-years. In last 3-years, Tiger Logistics stock gained 2141%.

Tiger Logistics Q3 Results: The company for the quarter ended December 31, 2023 declared its revenue from operations at Rs 51.95 crore as against Rs 82.82 crore declared in the corresponding quarter of last year. Total income of Tiger Logistics announced at Rs 53.04 crore as compared to Rs 85.22 crore in the similar quarter of last year. Profit for the quarter under consideration declared at Rs 3.6 crore as against Rs 8.27 crore declared in December 31, 2022. The EPS of Tiger Logistics declared at 3.54 for December 2023 quarter as against Rs 7.90 in December 2022 quarter.

Tiger Logistics Bags Project From HPCL: As per the BSE filing of the company dated January 2, 2023, "Our Company has been awarded another government tender from Hindustan Petroleum Corporation Limited marking a significant milestone to enter petro segment."

Harpreet Singh Malhotra, the MD of Tiger Logistics (India) Limited, shared his thoughts on recent achievements, stating, "I am pleased to announce that Tiger Logistics has successfully entered the petro segment through a significant government project secured via a tender from Hindustan Petroleum Corporation Limited. This achievement not only showcases our expertise in international cargo and project logistics but also positions us strategically for further growth in this lucrative industry."

About: Tiger Logistics (India) Limited is a BSE-listed leading international logistics player known for its expertise in handling the import and export of cargo and projects. It has a very strong base of approximately 50 agents and partners all over the world. Its competitive edge lies in its Asset Light Model and providing a one-stop solution to Customers for International Trades. The company provides logistics services across varied sectors thereby hedging its risk during downturns in the economic cycle.

Disclaimer: The stock highlights stock split, order win from HPCL, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.