Logistics penny stock under Rs 60: Board approved proposal for listing securities on Main Board of National Stock Exchange (NSE)
The stock is up over 70 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.
Tiger Logistics (India) Limited announced that its Board of Directors has approved a proposal to list the company's shares on the Main Board of the National Stock Exchange of India (NSE). This strategic decision, made in a meeting held today, July 2, 2025, aims to increase the company's visibility, improve liquidity for its shareholders, and attract a wider range of investors. The listing is subject to meeting all of NSE's main board listing criteria and obtaining necessary 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 Rs 598 crore. The stock is up over 70 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.