Small Cap Logistics Stocks Hits 2nd Consecutive 52-Week High, Gains 1525% In 3-Yrs

Small cap logistics solutions provider Tiger Logistics (India) Ltd shares today hit fresh 52-week high for second consecutive session. Last trading price of Tiger Logistics share on BSE is Rs 650.00 apiece with intraday gain of 6.16%. Tiger Logistics shares offered shareholders return of 78% in past 6-months and gained 1525% in last 3-years span. The company issued its BSE filing today where it informed that it is gearing up to revolutionize global logistics with "freightjar beta Version Launch".

As per the regulatory filing dated December 20, 2023, "Tiger Logistics (India) Limited is aggressively working on the launch of Beta version of FreightJar (Digital Logistics Platform), which will focus on the global market (overseas importers, exporters and overseas logistics company). Just for records - Freightjar, a proprietary platform of Tiger Logistics, is a digital logistics and freight management platform which was launched in the month of April, 2023."

In the Beta Version, the company is making provisions that the international importer and exporters can directly access freight rates from India to various part of the world and vice-versa and they can book shipments online. The added feature of direct booking for shipments adds a layer of convenience and efficiency to their overall user experience.

Tiger Logistics Stock Performance & Return: Current market price of Tiger Logistics share BSE is Rs 641.10 per share. Its 52-week high price is Rs 656.00 apiece and 52-week low price is Rs 335.00 apiece, respectively. The company has a market capitalisation of Rs 676.64 crore. Tiger Logistics shares soared 11% in last 1-week, gained 47% in last 3-months, jumped 50% in last 1-year, and rose 345% in last 2-years.

Tiger Logistics Financials: The company for the quarter ended September 2023 declared 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 was founded in the year 2000 in response to a need of a reliable, high-principled player in the Indian logistics scenario and a goal to be a one-stop shop for international logistics. With cost innovation and personalised service at its core, Tiger works as a logistics partner instead of just a vendor, according to it LinkedIn page.

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