India, Aug. 24 -- Shares of a leading Indian supply chain solutions provider surged on Monday after the company announced a strategic Memorandum of Understanding with Japan's Sankyu Inc. The deal brings together two logistics players with plans to expand across supply chain and engineering services, starting in India and later moving into other global markets. Investors reacted quickly, pushing the stock sharply higher in trade.

TVS Supply Chain Solutions is currently trading at Rs135.65, up 11.69% from its previous close of Rs121.45. The stock touched an intraday high of Rs140.75 today, which is around 16% up from previous closing price. The company's market capitalisation stands at Rs5,984 crore, with a consolidated P/E of 87.57.

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