Sharekhan's research report on Transport Corporation of India
TCI is well-set to benefit from strong growth outlook for logistics given its six-decade track record in offering integrated multi-modal transport and supply chain solutions. Rising share in LTL freight and value-addition in FTL freight, besides a revival in auto and non-auto SCM and expansion of seaways biz would help PAT clock a 15% CAGR over FY2021-FY2023. GST-led tailwinds, impact of COVID-19, government thrust on AtmaNirbhar Bharat and global supply chain re-alignments would be key growth drivers.
Outlook
We initiate coverage on Transport Corporation of India Limited (TCI) with a Buy and SOTP-based price target of Rs. 354.
For all recommendations report, 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.
Read More