Tiger Logistics spurts on securing government contract from BEML
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Tiger Logistics (India) is currently trading at Rs. 368.80, up by 8.15 points or 2.26% from its previous closing of Rs. 360.65 on the BSE.
The scrip opened at Rs. 372.90 and has touched a high and low of Rs. 373.95 and Rs. 362.00 respectively. So far 8654 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 479.75 on 30-Dec-2022 and a 52 week low of Rs. 205.00 on 17-Oct-2022.
Last one week high and low of the scrip stood at Rs. 388.00 and Rs. 358.20 respectively. The current market cap of the company is Rs. 388.22 crore.
The promoters holding in the company stood at 64.65%, while Institutions and Non-Institutions held 0.22% and 35.13% respectively.
Tiger Logistics has successfully secured a substantial government contract from Bharat Earth Movers (BEML). The company has secured this government project through a competitive bidding process and it is anticipated to yield revenue of approximately Rs 10 crore.
In less than a month, the company also successfully secured a government contract from Bharat Heavy Electricals (BHEL) in August. This recent BEML contract is a notable addition to Tiger Logistics' growing portfolio of government contracts that the company has managed over the years.
Tiger Logistics (India) is a leading Third-party logistics player with specialization in International Logistics handling import and export of Cargos and Projects
