Tiger Logistics secures milestone tender expands into Petro Sector

About the Tender

Tiger Logistics India Ltd, a leading international logistics player known for its expertise in handling the import and export of cargo and projects, has reported to the exchange that it successfully secured a tender from Hindustan Petroleum Corporation Limited for logistics services. The company has been awarded another government tender from Hindustan Petroleum Corporation Limited, marking a significant milestone in entering the petro segment. This accomplishment positions the company to explore further opportunities in the petro sector, allowing it to broaden its footprint and strengthen its presence in the logistics business. 

Additionally, the company’s MD, Harpreet Singh Malhotra, shared his thoughts on the recent achievements. He said this accomplishment not only showcases the company’s expertise in international cargo and project logistics but also strategically positions it for further growth in this lucrative industry.  

About the Company

Tiger Logistics (India) Limited is a logistics player known for its expertise in handling the import and export of cargo and projects. It boasts a very strong base of approximately 50 agents and partners worldwide. Its competitive edge lies in its Asset Light Model, providing a one-stop solution to customers for international trades. The company offers logistics services across varied sectors, thereby hedging its risk during downturns in the economic cycle. The company has a vision to become a Rs 20 billion company by FY27. 

Stock Performance

In the last trading session, the stock closed at Rs 711.30. Today, it opened at Rs 715.60 and closed at Rs 721.35, up by 1.41%. The company’s 52-week high stands at Rs 747.50, while the 52-week low stands at Rs 335. The company currently boasts a market capitalization of approximately Rs 760 crore. Over the past six months, the company’s shares have managed to generate a staggering return of 99.02%, while the BSE Sensex has changed by 11.67%. Additionally, in the past year, it has managed to generate a return of 54.61%. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.