Small-cap stock under ₹50 Tiger Logistics jumps 8% following Dalal Street rally

Small-cap stock Tiger Logistics rose by more than 8% during Monday's trading session, fueled by the positive trends in the Indian stock markets which started higher on Monday in anticipation of Diwali. Investor sentiment was bolstered by optimism surrounding the festive season and record levels of shopping.

In early October, Tiger Logistics entered into a Memorandum of Understanding (MoU) with H2 Invest Limited Liability Company, a Russian firm that focuses on hydrogen technologies, to partner on developing the transportation and storage infrastructure for liquid hydrogen in India.

This initiative marks the first collaboration of its kind between an Indian logistics company and a global hydrogen technology firm, with the goal of laying the groundwork for a strong hydrogen supply chain in India. As part of the MoU, Tiger Logistics and H2 Invest will collaborate to implement cryogenic tanks for the storage and transportation of liquid hydrogen, incorporating H2 Invest’s CryoSafe container technology into India's evolving hydrogen value chain.

Tiger Logistics is a global logistics firm that offers solutions for defense and project logistics, transportation, customs clearance, and freight forwarding (air and ocean). Additionally, the business introduced its proprietary freight

In 2023, the freight booking and management platform "FreightJar" will make competitive freight prices accessible to SMEs and MSMEs and streamline the freight booking and management process.

Tiger Logistics share price today

Tiger Logistics share price today opened at ₹44.47 apiece on the BSE, the stock touched an intraday high of ₹46.60 per share, and an intraday low of ₹44 apiece.

According to Anshul Jain, Head of Research at Lakshmishree, Tiger Logistics share price is on the verge of a bearish breakdown from a 157-day long cup and handle pattern, indicating growing weakness in the structure.

A decisive breach and close below ₹39 will confirm the breakdown and likely trigger a sharp decline towards ₹31.99. The recent upward movement appears to be a minor pullback within a broader bearish trend, lacking volume support and momentum strength. Unless the stock reclaims key resistance levels with strong buying, the trend remains firmly negative, and further downside remains the higher probability scenario.

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