Transport Corporation rallies 14% on high volumes

India Infoline News Service | Mumbai | May 31, 2017 15:35 IST

Transport Corporation of India Limited, an integrated multi-modal logistics and supply chain solutions provider is rallying on the bourses with gains as much as 12% on 1520 hours.

Transport Corporation of India Limited, an integrated multi-modal logistics and supply chain solutions provider is rallying on the bourses with gains as much as 12% on 1520 hours.
 
The has attracted volumes at over 11 times its previous 20-day average. The stock hit its 52-week high of Rs 309.40 per share on the BSE.
 
It has delivered 3.88% return in a period of one year and has underperformed the BSE Small Cap and Nifty Service Sector indices over the same the same time period.
 
Transport Corporation of India Limited (TCI) is an integrated supply chain and logistics solutions, provider. The company's segments include freight division, supply chain solutions division, seaways division, energy division and global division. 

 
Stock view:
 
Transport Corporation of India Ltd is currently trading at Rs 297, up by Rs 33.6 or 12.76% from its previous closing of Rs 263.4 on the BSE.
 
The scrip opened at Rs 264.9 and has touched a high and low of Rs 309.4 and Rs 257.1 respectively. So far 668334(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2017.05 crore.
 
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 268.3 on 18-May-2017 and a 52 week low of Rs 144 on 28-Dec-2016. Last one week high and low of the scrip stood at Rs 265 and Rs 246.25 respectively.
 
The promoters holding in the company stood at 66.08 % while Institutions and Non-Institutions held 10.84 % and 23.08 % respectively.
 
The stock is currently trading above its 50 DMA.
BSE 283.80 3.30 (1.18%)
NSE 284.45 4.85 (1.73%)

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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