The shares of one of the leading international logistics providers, with clients such as HAL, BHEL, ABB, Hero Motocorp, and many more hit a 5 percent upper circuit in the day’s trade after FII/FPI invested in the company.
Price Action
With a market capitalization of Rs. 383 Crores, the shares of Tiger Logistics (India) Limited hit a 5 percent upper circuit at Rs. 36.26 per equity share, from its previous day’s close price of Rs. 34.54.
Block Deal
As per the bulk deal data available on BSE, Foreign Portfolio Investor Radiant Global Fund-Class B Participating Shares has sold its entire stake in Tiger Logistics (India) Limited consisting of 14,69,033 shares or 1.39 stake.
Following this Foreign Institutional Investor/Foreign Portfolio Investor North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund has purchased ~19.69 Lakh equity shares of Tiger Logistics (India) Limited.
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About the Company
Tiger Logistics (India) is one of the leading international logistics and solutions providers covering freight forwarding, transportation, and customs clearance, with a strong presence across the country by providing services to industries like automotive, engineering, yarns, textiles, pharmaceuticals, commodities, FMCG industries, and many more.
It has a strong customer base with well-known players and government entities like ABB, HAL, Praj Industries, BHEL, Hero, Ceat, Inox Wind, Balkrishna Industries, KTM, and many more.
Financials and Ratios
Its revenue from operations grew by 52 percent from Rs. 61.04 Crores in Q4FY23 to Rs. 92.71 Crores in Q4FY24, accompanied by profits of Rs. 2.21 Crores to Rs. 4.03 Crores.
It has reported a return on equity(ROE) of 12.4 percent, a return on capital employed (ROCE) of 16.4 percent, and a debt-to-equity ratio of 0.11.
Written by: Bharath K.S
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