iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

TVS Supply Chain Solutions stock up by more than 4% today

12 Jun 2024 , 06:02 PM

TVS Supply Chain Solutions’ stock shot up more than 4% to ₹183 in early trade today after the company signed a five-year strategic agreement with Daimler Truck South East Asia Pte Ltd, a division of Daimler Truck AG.

The company’s shares were trading at ₹178, up 5.14% from the previous close on the NSE, at approximately 12:49 pm. Given that the stock price of TVS Supply Chain has plummeted by about 10 percent since the year’s beginning, investors sought a break.

According to the terms of the agreement, the business will work as Daimler Truck AG’s principal logistics partner for the Asia-Pacific area, which is home to the biggest commercial vehicle manufacturer in the world. Before giving the company the contract, Daimler Truck South East Asia, according to the company, carried out extensive study.

Under TVS SCS’s strategic logistics centre in Singapore, the contract focuses on optimising supply chain operations for Daimler Truck’s dealer network, distributor network, and workshops throughout 16 countries.

In addition, TVS would have to effectively oversee 8,000 SKUs and 65,000 order lines every year, handling a wide variety of parts with different storage needs.

For the Daimler Truck Parts Centre (DTPC) Southeast Asia, TVS SCS will also provide a tailored IT solution package that includes an online platform for inventory visibility, ordering, inventory management, parts replenishment, pricing, invoicing, and data analytics.

The company uses technology, data analytics, and execution experience to create specialised solutions across the whole value chain, from sourcing to consumption.

For feedback and suggestions, write to us at editorial@iifl.com

For opening a demat account click on: https://www.indiainfoline.com/

For doing stock trading & investments, go to: https://ttweb.indiainfoline.com/trade/Login.aspx

For loans, go to: https://www.iifl.com/

Related Tags

  • Daimler Truck AG
  • TVS Supply Chain Solutions
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.