TVS Supply Chain Solutions climbs on securing new business contract from JCB in India
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TVS Supply Chain Solutions is currently trading at Rs. 188.55, up by 4.30 points or 2.33% from its previous closing of Rs. 184.25 on the BSE.
The scrip opened at Rs. 187.65 and has touched a high and low of Rs. 190.30 and Rs. 187.05 respectively. So far 37549 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 257.95 on 11-Sep-2023 and a 52 week low of Rs. 145.40 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 192.05 and Rs. 175.05 respectively. The current market cap of the company is Rs. 8326.51 crore.
The promoters holding in the company stood at 43.12%, while Institutions and Non-Institutions held 5.76% and 51.12% respectively.
TVS Supply Chain Solutions (TVS SCS) has secured a new business contract from JCB in India for managing their in-plant warehousing and logistics operations at their facility in Vadodara, Gujarat for three years. JCB has been TVS SCS’ one of the first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana for Parts distribution.
TVS SCS’ in-plant logistics services for JCB’s Vadodara plant will comprise end-to-end warehouse management, from unloading and put-away of parts to picking and lineside feeding. The company will deploy Material Handling Equipment (MHEs) and employ close to 110 personnel for this contract. JCB’s Vadodra plant manufactures fabrications and components for JCB’s plants Globally.
TVS Supply Chain Solutions, an integrated supply chain solutions provider. TVS SCS is promoted by the erstwhile TVS Group and is now part of the TVS Mobility Group, which has four business verticals -- supply chain solutions; manufacturing; auto dealership, and aftermarket sales and service.
