Small-cap stock below ₹100: Tiger Logistics share price jumps 8% after empanelment by HPCL

Small-cap stock below ₹100: Tiger Logistics (India), a small-cap logistics firm listed on the BSE, saw its share price climb nearly 8 per cent to ₹71 on Monday, December 30 following the announcement of its empanelment by Hindustan Petroleum Corporation Limited (HPCL).

As part of the empanelment, Tiger Logistics will provide comprehensive air and sea freight services, including customs clearance and forwarding, tailored to HPCL's operational needs.

Tiger Logistics share price witnessed some profit-taking after a sharp surge but was still trading in the green, up 5.24 per cent at ₹68.53 around 10.35 AM.

The empanelment carries a financial scope of ₹546 lakh and is valid for three years, with an option for renewal based on performance. This agreement underscores confidence in the company’s capability to handle large-scale logistics assignments and expand its footprint in strategic sectors.

Harpreet Singh Malhotra, Chairman and Managing Director of Tiger Logistics said, "We are honoured to be empanelled by HPCL, a respected public sector organisation. This recognition underscores our commitment to delivering high-quality logistics services and solidifies our leadership in the industry. We look forward to building a strong, mutually beneficial partnership with HPCL.”

Tiger Logistics has demonstrated consistent growth in the logistics industry, renewing partnerships with major entities like Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML), and BNPL IPL earlier this year. Its expertise extends across air and sea cargo operations, warehousing, and specialised projects with organisations such as the Airports Authority of India (AAI) and Hindustan Aeronautics Limited (HAL).

The company recently launched a proprietary logistics platform, FreightJar, aimed at SMEs and MSMEs to streamline freight booking and offer competitive rates.

Tiger Logistics’ strategic efforts are driven by its asset-light model and commitment to personalised service, which aligns with its goal to offer cost-effective and efficient end-to-end logistics solutions for global trade.

About Tiger Logistics

Founded in 2000 and headquartered in New Delhi, Tiger Logistics specialises in international freight forwarding, project logistics, and customs clearance. The firm operates across automotive, FMCG, pharmaceuticals, textiles, and more, leveraging over two decades of expertise in the global supply chain.