Transport Corporation surges 62% in four days on strong Q4 results

The management expects a pickup in surface freight activity from H2 onwards (near festive season)

Shares of Transport Corporation of India (TCI) moved higher by 17 per cent to Rs 495 on the BSE in the intra-day deal on Monday, taking gains to 62 per cent in the past four trading days after reporting a strong set of March quarter (Q4FY21) numbers.

The stock of TCI, India's largest integrated logistics service provider serving 3000 destinations, was quoting at its all-time high level. In the past one month, the stock has zoomed 100 per cent, as compared to a 5.4 per cent rise in the S&P BSE Sensex.

In Q4FY21, TCI reported a 69