TCI jumps after strong Q4 results

Transport Corporation of India jumped 5.94% to Rs 155.10 at 15:18 IST on BSE after net profit rose 48.02% to Rs 20.53 crore on 0.70% rise in net sales to Rs 535.38 crore in Q4 March 2014 over Q4 March 2013.

The result was announced on Saturday, 24 May 2014.

Meanwhile, the BSE Sensex was up 14.77 points, or 0.06%, to 24,708.12.

On BSE, so far 1.36 lakh shares were traded in the counter, compared with an average volume of 71,252 shares in the past one quarter.

The stock hit a high of Rs 160 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 154 so far during the day. The stock hit a 52-week low of Rs 44 on 3 September 2013.

The stock had outperformed the market over the past one month till 23 May 2014, rising 14.11% compared with 7.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 62.04% as against Sensex's 19.29% rise.

The small-cap company has an equity capital of Rs 14.59 crore. Face value per share is Rs 2.

Transport Corporation of India's net profit rose 19.38% to Rs 62.02 crore on 3.90% rise in net sales to Rs 2027.27 crore in the year ended March 2014 over the year ended March 2013.

Transport Corporation of India (TCI) is India's leading multimodal integrated supply chain solutions provider with a global presence.

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