Stock Market News: Shares of Tiger Logistics Hit Upper Circuit | Check Details Here

Shares of Tiger Logistics, which are listed on BSE only, have a 52-week high of Rs 87 and a 52-week low of Rs 33.75. The company has a market cap of ₹620 crore.

Share Market News: Shares of Tiger Logistics were locked in 5 per cent upper circuit on Friday after the small-cap company informed exchanges about the favourable ruling relating to the service tax payment. The stock opened at the circuit of Rs 58.59 against the previous closing of Rs 55.90.

“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… As communicated earlier, vide Order-in-Original dated 18.11.2021, the Commissioner, CX & GST, Delhi East, confirmed a demand of Service Tax amounting to ₹5,65,06,356/- in respect of the markup/differential freight in the sale of space for export cargo, container detention charges, toll tax and other services provided,” the company said in an exchange filing.

Shares of Tiger Logistics, which are listed on BSE only, have a 52-week high of Rs 87 and a 52-week low of Rs 33.75. The company has a market cap of ₹620 crore.