{"id":116482,"date":"2024-01-01T13:00:00","date_gmt":"2024-01-01T07:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116482"},"modified":"2024-01-01T13:29:40","modified_gmt":"2024-01-01T07:59:40","slug":"logistic-stock-jumps-2-after-securing-tender-from-hpcl-for-logistics-services","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/logistic-stock-jumps-2-after-securing-tender-from-hpcl-for-logistics-services\/","title":{"rendered":"Logistic stock jumps 2% after securing tender from HPCL for Logistics Services\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-679802654\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this logistics company jumped 2 percent in Monday\u2019s trading session after receiving a tender from Hindustan Petroleum Corporation Limited for Logistics Services. The shares have delivered more than 50 percent of returns to its shareholders in one year.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2715361555\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalisation of Rs. 765 crores, Tiger Logistics (India) Ltd shares started Monday\u2019s trading session on a higher note at Rs. 715.60 compared to its previous close of Rs. 711.30. The shares hit a high of Rs. 734, gaining around 2 percent and are currently trading at Rs. 718 apiece.\u00a0<\/p><p>Such a positive movement in the share price was observed after the company in an exchange filing announced that they had secured a government tender from Hindustan Petroleum Corporation Ltd, with this tender the company would be entering into the petro segment.&nbsp;<\/p><p>Furthermore, the company mentioned that this accomplishment position will help them to explore further opportunities in the petro sector, allowing it to broaden and strengthen its presence in the logistics business.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-132491333\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Digging into the company\u2019s financial statement, the revenue increased by 28 percent from Rs. 42.02 crores during the June quarter to Rs. 53.58 crores in the September quarter. In addition, the net profits zoomed by 53 percent from Rs. 2.10 crores to Rs. 3.22 crores during the same timeframe.&nbsp;<\/p><p>During the last quarter, the company has strengthened its position in government projects and secured contracts from prestigious organizations. Moreover, Tiger Logistics plans to penetrate deeper into tier B-30 cities to increase the performance of its digital platform FreightJar.&nbsp;<\/p><p>The revenue mix of the company has shifted towards the auto sector, which is considered to be a consistent and growing sector for the company. Furthermore, commodities remain a filler business for Tiger Logistics, while the company has been focusing on higher-margin sectors like auto and electronics.&nbsp;<\/p><p>Headquartered in New Delhi, Tiger Logistics was incorporated in 2000. The company is a third-party logistics services provider. Its business covers international freight forwarding, supply chain management, project logistics, defence logistics, and cold chain logistics.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3535828174\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this logistics company jumped 2 percent in Monday\u2019s trading session after receiving a tender from Hindustan Petroleum Corporation Limited for Logistics Services. The shares have delivered more than 50 percent of returns to its shareholders in one year.\u00a0 With a market capitalisation of Rs. 765 crores, Tiger Logistics (India) Ltd shares started Monday\u2019s [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[15570,15571,15574,15572,15573],"class_list":["post-116482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates","tag-hindustan-petroleum-corporation-limited-latest-news","tag-hindustan-petroleum-corporation-limited-share-price","tag-logistic-stocks-latest-news","tag-tiger-logistics-india-ltd-latest-news","tag-tiger-logistics-india-ltd-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Logistic stock jumps 2% after securing tender from HPCL for Logistics Services\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this logistics company jumped 2 percent in Monday\u2019s trading session after receiving a tender from Hindustan Petroleum Corporation Limited for Logistics Services. 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