The shares of this smallcap stock engaged in the business of providing supply chain management services for international organizations, government departments, and businesses jumped over 9 percent following a bulk deal where TVS Motor Company Limited bought 20 lakh shares at an average price of Rs 128.86 apiece.
Price Action
With a market capitalization of Rs 5,858.64 crore, TVS Supply Chain Solutions Ltd soared 9 percent in Tuesday’s trading session and made an intraday high of Rs 139.55 per share compared to its previous closing price of Rs 127.40 per share.
The stock retraced from its day’s high and was trading at Rs 132.80 which is 4 percent higher than the previous closing price.
What Happened
TVS Supply Chain Solutions Ltd recently saw a significant bulk trade where TVS Motor Company Limited bought 20 lakh shares at an average price of Rs 128.86 per share. Simultaneously, Allanzers Fin Net Private Limited sold 20 lakh shares at the same price.
Company Overview
TVS Supply Chain Solutions Limited is a logistics provider with two operating segments; Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). ISCS covers sourcing, procurement, logistics operations, in-plant logistics, transportation, and supply chain consulting. The NS segment focuses on warehousing, port storage, global freight forwarding, and time-critical final mile solutions (TCFMS)
As of Q3 FY25, ISCS and NS segments’ year on year revenue increased by 2.3 percent and 20.4 percent respectively. The company serves various industries, including automotive, industrial, rail, utilities, and healthcare. Headquartered in India, TVS Supply Chain is located all over the country and also globally across 4 other continents.
Written by Shwetha Sairam
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