Stock Split Likely On Jan 9, 2024: Multibagger Stock Bags Project From HPCL

Tiger Logistics (India) Ltd on Monday informed via its BSE filing that the company has secured a project from Hindustan Petroleum Corporation Ltd (HPCL). "This accomplishment positions our company to explore further opportunities in the petro sector, allowing us to broaden our footprint and strengthen our presence in the logistics business," as per the regulatory filing of the company.

Last trading price of Tiger Logistics share on BSE is Rs 712.55 apiece with intraday fall of 1.22%. Tiger Logistics shares soared 97% in last 6-months and rose 1713% in last 3-years. Check details below:

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."

Stock Split Likely On Jan 9, 2024: Board of Directors of small cap logistics solutions provider Tiger Logistics (India) Ltd are scheduled to hold meeting on January 9, 2024 to consider and approve proposal of maiden stock split/sub-division of shares.

Tiger Logistics Stock Outlook & Return: Its 52-week high price is Rs 747.50 apiece and 52-week low price is Rs 335.00 apiece, respectively. The company has a market capitalisation of Rs 753.34 crore. Tiger Logistics shares gained jumped 68% in last 3-months, rose 97% in last 6-months, offered rally of 52% in last 1-year. Tiger Logistics stock surged 285% in last 2-years and rose 1713% in last 3-years.

Tiger Logistics Financials: The company for the quarter ended September 2023 announced its net sales at Rs 53.58 crore, down 70.6% from Rs 182.24 crore in September 2022. The company announced its quarterly net profit at Rs 3.22 crore for September 2023 quarter, down 59.3% from Rs 7.92 crore in September 2022. Its EBITDA stood at Rs 4.44 crore in September 2023, down 58.89% from Rs 10.80 crore declared in the corresponding quarter of last year. The company's EPS declined to Rs 3.15 in September 2023 from Rs 7.14 in September 2022.

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.