Logistics penny stock under Rs 60: Board to meet to consider and approve the proposal of Direct Listing of securities on NSE
The stock is up 83 per cent from its 52-week low of Rs 31.99 per share and has given multibagger returns of over 1,400 per cent in 5 years.
On Friday, shares of Tiger Logistics (India) Ltd gained 1.33 per cent to Rs 58.45 per share from its previous closing of Rs 57.68 per share. The stock’s 52-week high is Rs 80.44 per share and its 52-week low is Rs 31.99 per share.
A meeting of the Board of Directors of Tiger Logistics (India) Limited is scheduled for Wednesday, July 2, 2025, at the company's corporate office. The primary agenda for this meeting is to consider and approve a proposal for the direct listing of the company's securities on the National Stock Exchange of India Limited (NSE) Main Board. This proposed listing is contingent upon fulfilling the necessary criteria for NSE Main Board listing and obtaining all other requisite statutory approvals.
About the Company
Tiger Logistics India Limited is a Bombay Stock Exchange-listed leading international logistics company and solutions provider, covering freight forwarding (air & ocean), defence & project logistics, transportation, and customs clearance. The company also launched its proprietary freight booking and management platform, “FreightJar”, in 2023 to bring accessibility to competitive freight rates for SMEs/MSMEs and seamlessness to the freight booking and management journey. With a strong presence across the world, Tiger Logistics boasts over 24 years of experience in the automotive, renewable energy, engineering goods, yarns & textiles, pharmaceutical, consumer durables, commodities, building materials, defence &aerospace and FMCG industries, among others.
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According to Quarterly Results, the net sales increased by 23.5 per cent to Rs 114.50 crore and net profit increased by 59.8 per cent to Rs 6.44 crore in Q4FY25 compared to Q4FY24. Looking at the annual results, the net sales increased by 123.2 per cent to Rs 536.31 crore and net profit increased by 108.4 per cent to Rs 27.01 crore in FY25 compared to FY24.
In Q4FY25, FIIs bought 3,69,031 shares and increased their stake to 9.76 per cent compared to Q3FY25. The company have a market cap of over Rs 600 crore. The stock is up 83 per cent from its 52-week low of Rs 31.99 per share and has given multibagger returns of over 1,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.