TCI Express surges on reporting 11% rise in Q2 net profit
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TCI Express is currently trading at Rs. 1922.45, up by 27.60 points or 1.46% from its previous closing of Rs. 1894.85 on the BSE.
The scrip opened at Rs. 1920.20 and has touched a high and low of Rs. 1980.00 and Rs. 1912.80 respectively. So far 8231 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2570.00 on 23-Dec-2021 and a 52 week low of Rs. 1444.50 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 1980.00 and Rs. 1877.70 respectively. The current market cap of the company is Rs. 7419.06 crore.
The promoters holding in the company stood at 66.69%, while Institutions and Non-Institutions held 10.69% and 22.62% respectively.
The company has reported rise of 11.02% in its net profit at Rs 37.79 crore for Q2FY23 as compared to Rs 34.04 crore for the corresponding quarter previous year. Total income of the company increased by 13.19% to Rs 312.17 crore for the quarter under review as compared to Rs 275.80 crore for the same quarter in the previous year.
TCI Express is engaged in offering transport, storage, warehousing and support services for transportation. The company is engaged in express distribution and offers a single window door-to-door solution to customers. The company provides around the clock services and time sensitive express deliveries by air mode.
