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Last Updated : Jul 26, 2020 12:53 PM IST | Source: Moneycontrol.com

Accumulate Transport Corporation of India; target of Rs 185: Dolat Capital

Dolat Capital recommended accumulate rating on Transport Corporation of India with a target price of Rs 185 in its research report dated July 24, 2020.

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Dolat Capital's research report on Transport Corporation of India


TCI reported the muted revenue growth for FY20 as the difficult macroeconomic conditions put pressure along with YoY declines in Auto OEM segment. The company’s Freight division reported its first YoY decline since FY17 while Supply chain reported multi-year decline in Q4. It had lost Rs 1Bn revenue in Q4 due to COVID. Despite headwinds, the company remain focused on providing customer centric service approach, operational efficiency, cost optimization and continued thrust on technology which has become even more important for the transport companies like TCI during such pandemic time.



Outlook


The company is very optimistic on the huge demand creation in the warehousing and cold storage due to recent changes in the customer habits during COVID.





For all recommendations report, click here

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First Published on Jul 26, 2020 12:53 pm
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