Transport Corporation rises on real estate plans

DALAL STREET SPIKES

Transport Corporation of India rose 3.36 per cent to Rs 83.00 on reports that the company was planning to venture into real estate and have a pan-India presence in the sector. The company has 200 properties across the country, which can be utilised for residential and commercial projects.

The company also intends to increase its existing warehousing facilities from 7.5 million square feet (msf) to 12.5 msf in 2-3 years. The stock made a 52-week high of Rs 185 on January 1 and a 52-week low of Rs 71 on March 24.