This company shares in focus as board to decide on mainboard NSE-listing | Check details here
New Delhi: Shares of global logistics player Tiger Logistics gained on Friday, June 27, 2025. The development comes as the company informed exchanges that it plans to list stock on the National Stock Exchange of India (NSE). The stock started the session in the green at Rs 57.96 on the BSE. It had clsoed at Rs 57.68 in the last trading session. It surged further to touch the intraday high of Rs 58.45.
The counter has a 52-week high of Rs 80.44 and a 52-week low of Rs 31.99. Technically, it trades higher than the 5-day, 50-day and 100-day moving averages but lower than the 20-day and 200-day moving averages.
Listing on National Stock Exchange
The company is gearing up for a significant move, with plans to get its shares listed on the National Stock Exchange (NSE). In an exchange filing, the company announced that the board of directors will convene next month to consider and approve the listing on the NSE. The meeting is scheduled for July 2, 2025, marking a potential turning point for Tiger Logistics.
The company’s filing further clarifies its intentions, stating that it will consider and approve the proposal of Direct Listing of securities on the NSE Main Board, subject to meeting the necessary criteria and obtaining statutory approvals. This, along with other items on the agenda, will be discussed at the upcoming board meeting.
Trading Window Closed
Meanwhile, the trading window for dealing in securities of Tiger Logistics will remain closed from Thursday, June 26, 2025, for all designated persons. It will remain closed till 48 hours after the declaration of financial results for the first quarter of the financial year 2025-26 or the declaration of the outcome of the board meeting.
Q4 profit grows to Rs 6.44 crore
The company’s financial performance in the fourth quarter of the financial year 2024-25 is a testament to its resilience and growth. With a 59.9 per cent increase in net profit to Rs 6.44 crore, up from Rs 4.02 crore in the same period of the previous year, and a 23.5 per cent rise in revenue to Rs 114.50 crore, Tiger Logistics is demonstrating its potential for a strong future.
With PTI Inputs
News