India's TVS Supply Chain Solutions jumps on Rolls-Royce contract extension

TVS Supply Chain Solutions

20/02/2024 09:55

** Shares of TVS Supply Chain Solutions  TVSS.NS  up 4.1% at
197.85 rupees; earlier in the session it rose as much as 7.9% 
    ** Logistics services provider says it has extended contract
with Rolls-Royce for 5 years
    ** Adds, the contract will be for parts distribution centre
in Singapore serving the Asia Pacific markets for Rolls-Royce’s
Power Systems business unit
    ** Stock witnessing its most active trading session since
Sept. 11, with more than 6.1 mln shares changing hands by 3:13
p.m. IST, 12.6x the 30-day avg
    ** Stock down 4.4% since listing in August


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))