Tiger Logistics surges on signing MoU with PowerPac Holdings
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Tiger Logistics is currently trading at Rs. 844.00, up by 21.65 points or 2.63% from its previous closing of Rs. 822.35 on the BSE.
The scrip opened at Rs. 822.35 and has touched a high and low of Rs. 844.90 and Rs. 822.35 respectively. So far 11209 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 870.00 on 12-Jan-2024 and a 52 week low of Rs. 335.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 860.00 and Rs. 748.20 respectively. The current market cap of the company is Rs. 875.67 crore.
The promoters holding in the company stood at 57.10%, while Institutions and Non-Institutions held 7.36% and 35.54% respectively.
Tiger Logistics (India) has signed a Memorandum of Understanding (MoU) with PowerPac Holdings, a concern of Sikder Group, Bangladesh, to formalize a strategic partnership between Tiger Logistics (India) and establish a joint venture (JV) in the logistics sector for global trade.
Recognizing the increasing and forecasted demand for international logistics, particularly between India and Bangladesh, Tiger Logistics aims to play a pivotal role in stimulating economic growth in the region and beyond with the diverse expertise of Sikder Group, which handles the development and operations of the Mongla Economic Zone in Mongla Port, the second-largest seaport in Bangladesh.
Tiger Logistics (India) is a leading Third-party logistics player with specialization in International Logistics handling import and export of Cargos and Projects.
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