New Delhi. The market today is more demanding because the shares of small-cap logistics company Tiger Logistics (India) have increased in the market today. This stock rose by about 9 percent during the day's trading. The reason for this is believed to be the improvement in the company's credit rating.

The stock opened lower at ₹ 62.80 but soon reversed the losses to rise 8.67 percent to a high of ₹ 68.40. At 2 p.m., it was trading at ₹ 66 per share, up a solid 5 percent. By market close, it was up 7.83 percent on the BSE.

Stable credit rating
The BSE-listed stock gained after Infomerics Valuation and Ratings Pvt Ltd (IVR) maintained the company's credit rating as stable. The company said that the change from "negative" to "stable" reflects that Tiger Logistics has made significant progress in financial performance during Q1 FY25. This assumes significance as the company moves towards its expansion. Tiger Logistics, in which FIIs hold 8.70 percent stake, is a third-party logistics service provider. Its business covers international freight, supply chain management, project logistics, defense logistics, and cold chain logistics.

Benefit for investors
According to BSE Analytics, this logistics stock has given a 60 percent return in the last one year and has proved to be a multi-bagger in two years, rising by almost 200 percent. It has given its investors a profit of 354 percent in three years and 1,352 percent in five years. In March this year, the company had reduced the face value of its equity shares from ₹ 10 to ₹ 1, thereby dividing each share into 10 shares.