Anand Rathi has buy call on Transport Corporation of India with a target price of Rs 920. The current market price of is Rs 766.7.
Time period given by analyst is one year when . price can reach defined target.
Time period given by analyst is one year when . price can reach defined target.
Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 5930.67 Crore) operating in Logistics sector.
Transport Corporation of India Ltd. key Products/Revenue Segments include Freight & Demurrage and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 908.23 Crore, up .32 % from last quarter Total Income of Rs 905.32 Crore and up 29.71 % from last year same quarter Total Income of Rs 700.21 Crore. Company reported net profit after tax of Rs 68.83 Crore in latest quarter.
Investment Rationale
The brokerage believes TCI is well placed in India’s logistics industry given its strength and capability. Various government initiatives and key strategies will drive the growth of the logistics sector. Logistic industry is key contributor to the country’s vision of being $5 trillion economy by 2024-25. The rise in e-commerce, growing omni-channels, China+1 strategy will also add to the growth of the industry. It initiates coverage on TCI with a BUY rating with a target price of ₹920 per share.
Promoter/FII Holdings
Promoters held 66.57 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.33 per cent, DIIs 11.82 per cent.
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