Tiger Logistics share price touched an intraday high of Rs 38.07 per share on the Bombay Stock Exchange (BSE) after the foreign fund bought the stake. The counter zoomed 4.99 per cent from its previous close of Rs 36.26 apiece. The stock opened with a gain of 4.99 per cent on Wednesday and outperformed most of its peers in the sector, advancing 3.21 per cent.
The stock has been rising for the last four day and has risen 13.57 per cent returns in the period. The sharp uptick in the price movement was witnessed after North Star Opportunities Fund bought a 1.86 per cent stake in the company through bulk deals on Wednesday, 24 July 2024.
In Wednesday's trading session, the stock opened at Rs 38.07 apiece and has since traded at this price. It is trading higher than 5 day and 20 day moving averages but lower than 50 day, 100 day and 200 day moving averages.
North Star Opportunities Fund purchased 19,69,033 shares at a price of Rs 32.90 each to obtain a 1.86 per cent stake in the company, according to bulk deal data available on the BSE.
Tiger Logistics India Ltd counter has been hitting the upper price band for the last two days. It hit the upper circuit of 5 per cent on Thursday as well as on Friday.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
2024-07-26T09:32:46Z dg43tfdfdgfd