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TCI Shares Soar 14% on Buyback Buzz Ahead of Board Meeting
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CNBC TV18•25-09-2026, 11:15
TCI Shares Soar 14% on Buyback Buzz Ahead of Board Meeting
- •Shares of Transport Corporation of India Ltd. (TCI) surged 14% on Friday, September 25, marking their biggest single-day gain since October 2021.
- •The surge comes ahead of the company's board meeting on September 29, where directors will consider a proposal for a share buyback.
- •A buyback of up to 10% of the company's net worth (estimated at –256 crore) can be approved by the board, while a buyback of up to 25% (estimated at –641 crore) would require shareholder approval.
- •TCI had –317 crore in cash and current financial assets as of March 2026, providing resources for a potential buyback.
- •Despite Friday's rally, the stock remains about 13% down year-to-date and 24% below its 52-week high of –1,242 per share.
Key Questions Answered
Shares of Transport Corporation of India surged following the announcement that its board of directors would meet on September 29 to consider a share buyback proposal.
Based on a net worth of ₹2,556 crore as of March 2026, a 10% buyback could amount to roughly ₹256 crore, whereas a 25% buyback would be worth approximately ₹641 crore.
Transport Corporation of India has targeted a revenue growth of 10% to 12% for the financial year FY27 following its Q1 results.
