Firstcall is bullish on Transport Corp and has recommended buy rating on the stock with a target price of Rs 340 in its research report dated January 2, 2016.
Firstcall's research report on Transport Corp
Transport Corporation of India Ltd was incorporated in 1958 is India's leading integrated supply chain and logistics solutions provider and a pioneer in the sphere of cargo transportation in India. Leveraging on extensive infrastructure, strong foundation & skilled manpower, it offers seamless multimodal transportation solutions. An ISO 9001:2000 company is the flagship company of TCI Group and provides full truck load and less than full truck load transportation to a network of over 3000 destinations in India. The company progressed from being a “One Man, One Truck, One Office” set up to becoming a mammoth’s corporation having an office in every 100 sq km of the country. The TCI group has extensive network of over 1400 company owned branches nationwide, covering 99.45% of the GDP & 17,000 locations within India and abroad, a huge fleet of customized vehicles and managed warehouse space of 10.5 million sq ft. With its customer-centric approach, world class resources, State-of-Art technology and professional management, the group follows strong corporate governance and is committed to value creation for its stakeholders and social responsibilities. TCI was the first to launch several solutions in the logistics field.
We recommend ‘BUY’ in this particular scrip with a target price of Rs. 340.00 for Medium to Long term investment
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