Transport Corp declines after weak Q1 numbers

Transport Corporation of India lost 1.14% to Rs 354.70 at 10:55 IST on BSE after net profit declined 26% to Rs 15.11 crore on 8.3% growth in net sales to Rs 427.42 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 18 August 2016.

Meanwhile, the S&P BSE Sensex was down 25.19 points or 0.09% at 28,098.25.

On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 25,784 shares in the past one quarter. The stock hit a high of Rs 365 and a low of Rs 351 so far during the day. The stock had hit a record high of Rs 388 on 2 August 2016. The stock had hit a 52-week low of Rs 207.10 on 12 February 2016. The stock had outperformed the market over the past one month till 18 August 2016, advancing 3.15% compared with 1.36% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 29.46% as against Sensex's 9.41% rise.

The small-cap company has equity capital of Rs 15.32 crore. Face value per share is Rs 2.

Transport Corporation of India provides end to end integrated supply chain and logistics solutions.

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