Homegrown logistics player signs MoU to bring cryogenic technology for transportation of liquid hydrogen
Technically, the stock trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The shares have their 52-week high at Rs 80.44 and 52-week low at Rs 39.10.
Homegrown logistics player Tiger Logistics has signed a Memorandum of Understanding (MoU) with Russia’s H2 Invest LLC, a Russian enterprise specialising in hydrogen technologies, to collaborate on the transportation and storage infrastructure for liquid hydrogen in India. In an exchange filing, the company said that the joint venture will enable multimodal transportation of liquid hydrogen by truck, railway and container ships, covering a vast geography of hydrogen supplies.
"This marks the inception of a first-of-its-kind joint initiative between an Indian logistics leader and an international hydrogen technology company, aimed at building the foundation for a robust hydrogen supply chain in India," the company said in an exchange filing.
Share Price Today
Shares of the company opened in the green following this update. The stock started the trading session at Rs 44 on the BSE against the previous close of Rs 43.82. It gained further to touch the high of Rs 45.20. However, the stock fell amid the market sell-off and touched a low of Rs 41.95.
Last seen, the stock was trading at Rs 41.95, with a dip of 4.27 per cent from the previous close. The market cap of the company stood at Rs 444.05 crore, and the traded volume stood at 40.05 thousand shares.
The stock has been falling for the last two days and has dipped 4.04 per cent in the period. Technically, the stock trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
The shares have their 52-week high at Rs 80.44 and 52-week low at Rs 39.10.
Share Price History
According to BSE Analytics, the stock has delivered a return of 1095.40 per cent in five years. While it has gained 95.58 per cent in three years, the stock has corrected 5.17 per cent in two years and 37.37 per cent in one year.
On a year-to-date basis, the stock has dipped 40.78 per cent as compared to a positive return of 4.65 per cent by the benchmark index.