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Tiger Logistics gains on bagging ‘Piaggio Vehicles’ project

Tiger Logistics (India) is currently trading at Rs. 90.45, up by 1.55 points or 1.74% from its previous closing of Rs. 88.90 on the BSE.

The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 91.35 and Rs. 88.05 respectively. So far 9441 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.85 on 13-Jun-2018 and a 52 week low of Rs. 83.50 on 27-May-2019.

Last one week high and low of the scrip stood at Rs. 92.45 and Rs. 87.05 respectively. The current market cap of the company is Rs. 93.99 crore.

The promoters holding in the company stood at 73.23%, while Institutions and Non-Institutions held 0.63% and 26.14% respectively.

Tiger Logistics has bagged contract for handling the export logistics for Piaggio Vehicles. Piaggio Vehicles is an Indian Subsidiary of Piaggio & C. S.p.A, Italy who are the pioneers in the manufacturing of Two-Three Wheelers in India. This will strengthen the company position in the Auto Sector and its vision of handling 70% of India's Auto Exports logistics by 2021.

Tiger Logistics is a leading Third-party logistics player with specialization in International Logistics handling import and export of Cargos and Projects.

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