Friday's trading saw shares climb to an intraday high of ₹955 after a 13.4% jump to ₹945 at the market close, pushing the stock back toward its 52‑week high.
The company has tabled a buyback proposal that could be approved for up to 10% of its shares, equating to roughly ₹256 crore, while a 25% buyback would require shareholder approval.
Transport Corporation of India’s balance sheet as of March 2026 shows a net worth of ₹2,556 crore and ₹317 crore in cash and current financial assets, providing a liquidity cushion for the contemplated buyback.
Despite the Friday surge, the stock remains 24% below its 52‑week high of ₹1,242 and has slipped 13% year‑to‑date, a decline that outpaces the sector average over the same period.
The board is scheduled to meet on Sept 29 to consider the buyback proposal; if the 10% tranche is approved, it could be executed shortly thereafter, while the 25% tranche will need a shareholder vote.