1200% return in 3 years: Do you own this logistics company stock?

Shares of Tiger Logistics hit an upper circuit of 5 per cent on Friday, the last trading session of the week, as the company informed Indian stock market exchanges about the favourable ruling relating to the service tax payment.

The stock of the small-cap company, which has a market cap of Rs 620 crore, opened gap up and went on to touch an intraday high of Rs58.69 apiece on BSE as soon as the session started today. The counter has been gaining for the last 6 days and has risen 33.84 per cent in this period.

The stock opened at the circuit of Rs 58.59 against the previous closing of Rs 55.90.  

On technical parameters, the company's shares are trading higher than 5-day, 20-day and 200-day moving averages but lower than 50-day and 100-day.

"Tiger Logistics (India) Limited is pleased to announce that following our previous intimations dated 14th July 2023 and10th February 2022, we have received a positive ruling in our favor," the company said in an exchange filing.

Tiger Logistics Share Price History

According to BSE analytics, the counter has given a positive return of 55 per cent in one year. In two years, the stock has made wealthier by 174 per cent. In three years, the counter has surged over 1,239 per cent.