TVS Supply Chain Solutions Ltd Share Price – NSE  /  BSE

Logistics, Small Cap

Timken India Ltd, Raymond Ltd, Elecon Engineering Company Ltd, Just Dial Ltd are among the other stocks to see a surge in volumes on NSE today, 19 April 2024.

TVS Supply Chain Solutions Ltd clocked volume of 113.41 lakh shares by 14:14 IST on NSE, a 9.63 times surge over two-week average daily volume of 11.77 lakh shares. The stock gained 14.89% to Rs.185.90. Volumes stood at 11.89 lakh shares in the last session.

Timken India Ltd recorded volume of 5.18 lakh shares by 14:14 IST on NSE, a 8.37 times surge over two-week average daily volume of 61822 shares. The stock gained 0.67% to Rs.3,065.00. Volumes stood at 2.12 lakh shares in the last session.

Raymond Ltd clocked volume of 9.3 lakh shares by 14:14 IST on NSE, a 6.49 times surge over two-week average daily volume of 1.43 lakh shares. The stock gained 4.54% to Rs.1,996.85. Volumes stood at 1.47 lakh shares in the last session.

Elecon Engineering Company Ltd recorded volume of 10.59 lakh shares by 14:14 IST on NSE, a 4.77 times surge over two-week average daily volume of 2.22 lakh shares. The stock gained 4.85% to Rs.1,112.45. Volumes stood at 4.75 lakh shares in the last session.

Just Dial Ltd registered volume of 67.74 lakh shares by 14:14 IST on NSE, a 3.84 fold spurt over two-week average daily volume of 17.65 lakh shares. The stock rose 5.82% to Rs.1,068.10. Volumes stood at 110.97 lakh shares in the last session.

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TVS Supply Chain Solutions announced that its wholly owned subsidiary, TVS SCS North America has earned recognition as a Partner-level supplier for 2023 in the John Deere ‘Achieving Excellence Program.' The Partner-level status is Deere & Company's highest supplier rating. TVS SCS North America was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement.

Suppliers who participate in the ‘Achieving Excellence program' are evaluated annually in several key performance categories, including quality, delivery, process alignment, value creation, and relationship. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement.

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TVS Supply Chain Solutions (TVS SCS) announced that they achieved a milestone of 500,000 CKD (Complete Knock-Down) kits for its customer, TVS Motor Company. This was achieved in TVS SCS' dedicated warehouse facility at Hosur. The company's advanced warehouse facility spanning 1,50,000 sq. ft, ensures defect-free dispatches and prevents parts mismatch.

At its Hosur facility, TVS SCS provides end-to-end value-added services like, production planning, quality management, inbound material activities, kitting, reverse logistics, export, etc. The fully automated facility achieved its first milestone of 100,000 CKD kits in July 2022, subsequently, it demonstrated a consistent pattern of adding one lakh kits to the milestone once in every five months.

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The Board of TVS Supply Chain Solutions at their meeting held today 25 March 2024, has given authorization for conversion of pre-existing inter-company loans to equity in its wholly owned overseas subsidiary, TVS Logistics Investments UK, inorder to strengthen the capital structure, improve profitability and facilitate business growth. This transaction does not involve any fresh infusion of capital.

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