Overview of Tiger Logistics’ Performance
Tiger Logistics, a prominent player in the logistics sector, has recently seen its share price soar by 7% after a significant announcement. The international logistics company confirmed that Infomerics Valuation and Rating Private Limited (IVR) has reaffirmed its credit ratings. This positive news has contributed to heightened investor confidence and interest in the small-cap stock, currently trading below ₹100.
Improved Credit Outlook
In a remarkable turnaround, Tiger Logistics has had its outlook improved from “Negative” to “Stable” by IVR. This upgrade reflects the company’s considerable strides in financial performance during the first quarter of FY25. The growth has been largely driven by a substantial increase in container volume compared to the previous year, which in turn has boosted both revenue and profitability.
Strength in Financial Standing
The reaffirmed credit ratings serve as a testament to Tiger Logistics’ robust financial health and strong market position. This distinction not only signifies the company’s commitment to excellence but also highlights its promising development trajectory. Investors are encouraged by these positive indicators, suggesting a bright future for the company in the competitive logistics market.
Stock Performance Insights
Tiger Logistics shares opened today at ₹58.75 on the Bombay Stock Exchange (BSE). The stock experienced an impressive intraday high of ₹61.40 and dipped to an intraday low of ₹55. Over the past three months, the stock has surged by over 50%, significantly outperforming many peers within the small-cap space. This performance reaffirms the growing investor confidence in Tiger Logistics as a compelling investment option in the logistics sector.
