TCI Express soars 13% on heavy volumes, hits new high on strong Q2 results

The share price of the logistics firm has rallied 25 per cent after ICRA reaffirmed ratings of the company's commercial paper and a strong Q2FY22 earnings



SI Reporter Mumbai
Shares of TCI Express hit a new high of Rs 1,853.95, soaring 13 per cent on the BSE in Tuesday’s intra-day trade on back of heavy volumes. In the past four weeks, the stock of the logistics company has rallied 25 per cent after the rating agency ICRA reaffirmed ratings of the commercial paper of the company and a strong July-September quarter (Q2FY22) earnings.

At 12:22 pm; TCI Express was trading 13 per cent higher at Rs 1,851 on the BSE, as compared to 0.07 per cent risen in the S&P BSE Sensex. The trading volumes at the counter jumped over three-fold with a combined 555,000 equity shares changing hands on the NSE and BSE.

First Published: Oct 26 2021 | 12:45 PM IST

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