Transport Corporation of India hits record high on share buyback proposal

Transport of India

22/08/2024 07:36

** Shares of Transport Corporation of India  TCIL.NS  climb
~11% to record high of 1,155.6 rupees
    ** Logistics firm says it will consider buyback of shares on
Aug. 24, without sharing any further details
    ** Stock eyes busiest trading day in 24 sessions, with
volumes at 7.4x the 30-day avg
    ** Analysts' avg rating of stock is "buy"; median PT is
1,160 rupees - a 11% premium on last close, per LSEG data
    ** TCIL up ~41% YTD including session's gains

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))