1:10 Stock Split: Multiabgger Tiger Logistics' Digital Platform FreightJar Wins Big

Small cap company Tiger Logistics (India) Ltd shares today hit lower circuit despite its digital platform FreightJar receiving digital startup of the year award. Last trading price of Tiger Logistics shares on BSE is Rs 64.55 per share on BSE. The company has a market capitalisation of Rs 682.45 crore. Tiger Logistics shares declined 20% in last 2-weeks and gained 69% in last 6-months. Check details below:

Tiger Logistics Digital Platform FreightJar Bags Award: According to the BSE filing of the company dated March 11, 2024, "Tiger Logistics (India) Limited, a BSE-listed international logistics company is pleased to share that its FreightJar, the proprietary digital freight booking and management platform has been recognized as the Digital Startup of the Year at the prestigious Northern India Multimodal & Logistics Awards 2024, concurrent with Conquest 2024. The award ceremony took place at The Lalit, New Delhi in the presence of eminent personalities from the logistics and supply chain industry and senior government representatives."

Commenting on the achievement, Mr. Harpreet Singh Malhotra, MD of Tiger Logistics (India) Limited said, "This award is a testament to the dedication and hard work of our digital and operational team. They are relentlessly working to provide our customers with the most efficient and user-friendly freight booking experience."
About FreightJar: FreightJar was launched by Tiger Logistics (India) Limited in April 2023 with the vision of supporting India's trade competitiveness in the global market and enabling the reduction of logistics costs.

Tiger Logistics Shares Performance & Return: The 52-week high price of Tiger Logistics shares on BSE is Rs 87.00 apiece and 52-week low price is Rs 33.50 apiece. Tiger Logistics has a ROE of 10.88, PE of 6.40, and EPS (TTM) of 10.61, as per BSE data. Tiger Logistics shares declined 19% in last 1-month, gained 62% in last 1-year and soared 216% in last 2-years. In last 3-years, Tiger Logistics stock jumped 1387% and gained 518% in last 5-years.

Tiger Logistics Stock Split: According to the regulatory filing of Tiger Logistics 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 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 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.

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 as shares trade ex-split 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.