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Last Updated : Aug 14, 2020 12:22 PM IST | Source: Moneycontrol.com

Buy Transport Corporation of India; target of Rs 260: ICICI Direct

ICICI Direct is bullish on Transport Corporation of India has recommended buy rating on the stock with a target price of Rs 260 in its research report dated August 13, 2020.

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ICICI Direct's research report on Transport Corporation of India

TCI fared better than our estimates on all fronts. What surprised us is the effort it showed in maintaining margins, even in a scenario of weak operating leverage. It has a diversified portfolio of value-added services across varied customers & industries, lowering volatility in gross margins. For the year, the management expects demand from the e-commerce, FMCG, automobile sector, agriculture, pharmaceuticals and the chemical sector. TCI’s ability to provide multi modal integrated logistics solutions helped it to continue serving existing customers as well as acquire several new engagements.


On an SOTP basis, we value the stock at Rs 260/share and maintain our BUY recommendation on the stock.

For all recommendations report, click here

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First Published on Aug 14, 2020 12:22 pm