Tiger Logistics is emerging out of the impact of COVID on the business

The management of Tiger Logistics has announced about the impact of COVID-19 and dealing strategies with it. The company is emerging out of the impact of COVID-19 on the business. The management of the company has taken mindful decisions to balance the cash flow and ensuring the un-interrupted operations.

The company is happy that it was able to do major (debtor outstanding) recoveries in the last three months, which will surely help it in reduction of interest cost up to a great extent. This will help the company in increasing the profits.

The company has also reduced the expenses by taking the required measures, this will also boost up the profitability in the coming quarters. The company is now focusing on the core businesses which are Auto, projects, Yarn, Seafoods and Commodities etc. The company has initiated to focus on doing core business which has higher profitability and minimal credit period in order to avoid the risk of bad debts.

The company is also expecting big advantage of Anti-China sentiments across the globe as it will boost the international trade of India in the coming quarters. The company has already got some small contracts on the same lines, we feel that in the coming quarters the business will be comparatively better.

Shares of Tiger Logistics (India) Ltd was last trading in BSE at Rs.48.2 as compared to the previous close of Rs. 45.35. The total number of shares traded during the day was 352718 in over 1338 trades.

The stock hit an intraday high of Rs. 48.9 and intraday low of 41.15. The net turnover during the day was Rs. 16122575.

Source : Equity Bulls

Keywords