It has been observed that there is a sharp correction in the prices of equity shares of Tiger Logistics (India) Limited ("the Company") since past one week leading to significant erosion of Shareholder's wealth.
We would like to clarify that we are growing in our business and covering new territories for expansion. The business operations of the Company are running very smoothly, and our order books are healthy. This downward movement of shares can be attributed to the overall capital market condition. We assure you that the Company is doing well and there is no reason for the investors to worry.
In spite of general downtrend in most of businesses, we are continuously maintaining strong presence in all our business segments and keeping our top line intact. We would like to assure to all shareholders that soon we will steer the business to the next level and all our client base, agent base, associate base and bankers base are intact and supporting us fully.
Further, the Company has been making prompt disclosures of all the events or information that having a bearing on the operation /performance of the Company which include all price sensitive information etc. within the stipulated timelines as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement), Regulations 2015.
Shares of Tiger Logistics (India) Ltd was last trading in BSE at Rs.37.6 as compared to the previous close of Rs. 41.75. The total number of shares traded during the day was 35671 in over 246 trades.
The stock hit an intraday high of Rs. 40 and intraday low of 37.6. The net turnover during the day was Rs. 1350163.