Multibagger Logistics Firm With Over 100 pc Returns in 90 Days Bags Govt Tender From PSU BHEL

multibagger logistics firm tiger logistics with over 100 pc returns in 90 days bags govt tender from psu bhel

BSE-registered Tiger Logistics which has delivered multibagger returns has bagged a major government tender from Bharat Heavy Electricals Limited (BHEL), the company has informed the exchanges. The counter has delivered multibagger returns in the last six months zooming 114.11 per cent, as per data available on the Bombay Stock Exchange (BSE) Analytics. In the last two years, it went up by 262.73 per cent to make its investors richer with huge gains.

The scrip climbed 2151.08 per cent in the last three years, as per BSE Analytics. The stock price witnessed action in Monday’s trading session after the counter rose 1.66 per cent to touch an intraday high of Rs 860 a share on the BSE, from its previous close of Rs 845.90 apiece. The scrip witnessed profit booking and settled in the red to quote at Rs 830.65 a share, down by 1.80 per cent.

In volume terms, 30 thousand shares of the company were traded on the BSE during the day generating a total turnover of Rs 2.54 crore. The company has a market cap of Rs 878.20 crore, as per BSE website. The shares of the company have a PE of 56.57x.

The company in its latest regulatory filing, said that it will now be handling import & export by sea and will provide services like Custom Clearance, forwarding, handling, transportation, and warehousing services to BHEL.

The company had earlier also bagged the government projects including Hindustan Petroleum Corporation Limited (HPCL), Airports Authority of India (AAI), Hindustan Aeronautics Limited (HAL) among others.