This BSE-listed firm submits software for mainboard NSE itemizing – Examine particulars

BSE-listed Tiger Logistics (India) Ltd has knowledgeable exchanges that it has submitted an software for the direct itemizing of its securities on the mainboard of the Nationwide Inventory Change of India Restricted (NSE). This can be a vital transfer as itemizing on India’s largest inventory alternate, NSE, presents an organization enhanced visibility and market attain. Furthermore, the itemizing on NSE attracts a wider vary of buyers, together with institutional buyers. 

Here is What Firm Mentioned

“It (NSE itemizing) is aimed toward enhancing market presence, bettering share liquidity, and growing visibility amongst a broader investor base. The itemizing is anticipated to bolster investor confidence, help worth creation for present shareholders, and align with the Firm’s long-term goals of sustainable development and strengthened company governance,” Tiger Logistics (India) stated in a regulatory submitting.

Share Value At this time

In the meantime, shares of the corporate remained unstable and began the session at Rs 54.35 in opposition to the earlier shut of Rs 54.34 on the BSE. The counter gained from right here to succeed in the intraday excessive of Rs 54.35, representing a 1.84 per cent achieve from the closing value of the final buying and selling session. 

The inventory has been shedding for the final two days and has fallen 1.7 per cent within the interval. The scrip is buying and selling increased than the 100-day transferring common however decrease than the 5-day, 20-day, 50-day and 200-day transferring averages.

The 52-week excessive of the inventory is Rs 80.44, reached on December 10, 2024, and the 52-week low is Rs 31.99, touched on July 23, 2024. 

Share Value Historical past 

In line with BSE Analytics, the inventory has yielded a multibagger return of 1404 per cent in 5 years and 152 per cent in three years. Nonetheless, it has corrected 23.33 per cent on a YTD (year-to-date) foundation.

Inventory Market At this time

The 30-share BSE Sensex declined 185.67 factors to 82,073.57 in early commerce. The 50-share NSE Nifty dropped 45.4 factors to 25,066.05.

Among the many Sensex corporations, Axis Financial institution tumbled practically 5 per cent after the agency reported a 3 per cent dip in its June quarter consolidated internet revenue to Rs 6,243.72 crore, impacted by the implementation of adjustments in non-performing belongings and mortgage improve insurance policies.

(This text is for informational functions solely and shouldn’t be construed as funding, monetary, or different recommendation.)