Tiger Logistics share price gained in the morning trade on November 29 after the firm announced renewing contracts with the leading public sector undertakings (PSUs).
The stock was trading at Rs 71.49 per share on the NSE, up 0.78 percent.
The company in an exchange filing said, ""BHEL, BEML, and BNPLIPL have extended their contracts with Tiger Logistics, entrusting the company with customs clearance and forwarding services for ocean freight and air cargo."
"The renewed partnerships underscore the PSUs' reliance and trust on Tiger Logistics for efficient logistics handling and freight forwarding for both sea and air cargo, spanning exports and imports," it added.
The company's net profit more than doubled to around Rs 8 crore for the September quarter on account of higher income.
It had posted a profit of Rs 3.22 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.
During the second quarter, the company's total income rose to Rs 162.40 crore from Rs 53.99 crore a year ago, posting over three-fold year-on-year rise.
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