Transport Corporation of India shares surged more than 14% on Friday, September 25, 2026, as investors reacted to the company’s announcement that its board of directors will consider an equity share buyback proposal next week. The logistics solution provider disclosed that the board is scheduled to meet on Tuesday, September 29, 2026, to evaluate and potentially approve the buyback. The announcement came after the company filed with the exchanges, signalling a forthcoming corporate action that has attracted significant market attention.

NSE data showed the share price rallying 14.5% to an intraday high of ₹955, up from ₹833.45 at the previous equity market close. Trading volumes surpassed 34.70 lakh equity shares during the session, an 80.35‑fold increase compared to the average volume of 43,196 equity shares in the past week. High‑volume momentum also triggered intraday gains, with volumes rising 102.23 times relative to the average of 33,949 equity shares over the last two weeks on the NSE.

After touching the day’s high, Transport Corp shares retraced some gains but remained 10% higher at ₹919 on September 25. The stock reacted to the buyback proposal update released after market hours on Thursday, September 24, 2026. The company has yet to announce details such as the buyback offer size, total proposal amount, or the number of equity shares it intends to repurchase from the open market. These details will be disclosed if the proposal is approved.

If approved, the company will announce the relevant details of the corporate action, including the record date for the share repurchase agreement. The trading window for all key personnel will remain closed from September 24 until 48 hours after the declaration of the unaudited financial results for the quarter and half‑year ending September 30, 2026. This restriction aims to prevent insider trading during the announcement period.

Over the last five market sessions, Transport Corporation of India shares have risen 11%, delivering more than 3% returns to investors in the past year. Long‑term performance shows a gain of over 121% in the last five years and more than 16% returns over the last three years. However, the stock has declined 23% in the past year and dropped 15% YTD in 2026, reflecting volatility amid market expectations.

The company’s market capitalisation stood at ₹7,083 crore as of the trading session on Friday, September 25, 2026. Transport Corp’s 52‑week high reached ₹1,242 on October 29, 2025, while the 52‑week low was ₹797 on September 22, 2026, according to NSE data. Investors remain cautious as the company prepares to disclose the specifics of the buyback proposal and its potential impact on shareholder value.