Geojit Financial Services is bullish on Transport Corporation India has recommended buy rating on the stock with a target price of Rs 280 in its research report dated May 02, 2017.
Geojit Financial Services' research report on Transport Corporation India
Logistics sector is expected to witness a remarkable turnaround led by roll out of GST, revival in domestic macro, exponential growth in the e-commerce, higher infrastructure spending in roads projects, fast tracking of Dedicated Freight Corridor (DFC) and initiatives like Make in India.
TCI has potential for scaling up of business as implementation of GST will lead increased outsourcing of logistics services to third party players. We factor earnings to grow at 21% CAGR over FY17E- 19E. We value standalone business at a P/E 20x on FY19E and subsidiaries at Rs 23/share to arrive at a SOTP target price of Rs 280 with a Buy rating.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .