Tiger Logistics rises on renewing partnerships with three prominent PSUs
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Tiger Logistics (India) is currently trading at Rs. 71.40, up by 0.46 points or 0.65% from its previous closing of Rs. 70.94 on the BSE.
The scrip opened at Rs. 71.90 and has touched a high and low of Rs. 71.99 and Rs. 70.35 respectively. So far 104630 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 87.00 on 12-Jan-2024 and a 52 week low of Rs. 31.99 on 23-Jul-2024.
Last one week high and low of the scrip stood at Rs. 73.75 and Rs. 69.63 respectively. The current market cap of the company is Rs. 753.82 crore.
The promoters holding in the company stood at 57.10%, while Institutions and Non-Institutions held 8.07% and 34.83% respectively.
Tiger Logistics (India) has renewed partnerships with three prominent Public Sector Undertakings (PSUs) - Bharat Heavy Electricals (BHEL), Bharat Earth Movers (BEML), and Bank Note Paper Mill India (BNPMIPL). These renewed partnerships underscore the PSUs' reliance and trust on Tiger Logistics for efficient logistics handling and freight forwarding for both sea and air cargo, spanning exports and imports.
Earlier this year, the company achieved a significant milestone by securing a warehousing services deal with BHEL and completing vital logistics assignments for the Airports Authority of India (AAI) and Hindustan Aeronautics (HAL). These accomplishments reflect the firm’s expanding influence in the government sector. Tiger Logistics regards collaborations with public entities and PSUs as a key pillar of its strategic initiatives, leveraging its proficiency in managing intricate global shipments for critical needs.
Tiger Logistics (India) is a leading Third-party logistics player with specialization in International Logistics handling import and export of Cargos and Projects.
