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Tiger Logistics trades higher on securing government tender from BHEL for exporting goods by air
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Tiger Logistics (India) is currently trading at Rs. 365.90, up by 2.10 points or 0.58% from its previous closing of Rs. 363.80 on the BSE.
The scrip opened at Rs. 370.00 and has touched a high and low of Rs. 370.00 and Rs. 356.00 respectively. So far 4671 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. 373.00 and Rs. 350.50 respectively. The current market cap of the company is Rs. 386.85 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 (India) has successfully secured a substantial Government Tender from Bharat Heavy Electricals (BHEL) for exporting goods by air. This accomplishment is poised to significantly boost the company's air logistics operations. This achievement is attributed to the prestigious Certificate of Accreditation granted by the International Air Transport Association (IATA), which has enabled the company to explore new opportunities in the realm of air export logistics that were previously inaccessible.
This recent government project is a noteworthy addition to the series of other successful government projects that the company has managed over the years. Some of the notable projects include Bank Note Paper Mill India, Hindustan Insecticides (HIL), Airports Authority of India (AAI), Hindustan Aeronautics (HAL), Bharat Earth Movers (BEML), National Automotive Testing and R&D Infrastructure Project (NATRiP), Indian Oil Corporation (IOCL), Chittaranjan Locomotive Works (CLW), IRCON International, and National Institute of Solar Energy (NISE). These accomplishments underscore the company's expertise and dedication in effectively handling diverse government projects. The company's leadership holds a positive outlook regarding its role in managing logistics for government projects.
Tiger Logistics (India) is a leading Third-party logistics player with specialization in International Logistics handling import and export of Cargos and Projects.
