Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 January, 2022 09:50 IST
Motilal Oswal recommends Buy on TCI; target price of Rs 790
Source: IRIS | 02 Dec, 2021, 01.08PM
Rating: NAN / 5 stars.
Comments  |  Post Comment
TCI has a well-blended portfolio, with a presence across a) high-volume Freight segment, b) value-added segments such as Integrated Supply Chain Solutions, and c) niche high-margins segments such as Seaways. These unique multimodal capabilities would drive consistent growth in volumes and earnings over next few years, stated Motilal Oswal Retail Research.

The easing of restrictions and robust festive demand has led to a strong pickup in volumes in the last few months. Further, road freight would benefit from the plunge in diesel prices (by ~10% from the tax cuts announced in early Nov’21), which would support margins, it added.

Motilal Oswal has recommended Buy rating on TCI with target price of Rs 790, an upside of 15%. "We expect the growth momentum to continue with a) the pickup in economic activity, b) the normalization of transportation activity, and c) govt. reforms leading to formalization and market share gains for organized players such as TCI. We expect TCI to clock a revenue/EBITDA/PAT CAGR of ~17%/25%/33% over FY21-24E."

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
VA Tech Wabag secures order worth USD 100 mn in Dubai - 17-Jan-2022 19:43
Glenmark Pharmaceuticals arm gets tentative approval for Regadenoson Injection - 17-Jan-2022 19:16
HDFC Bank Q3FY22 Review-Credit growth improved; Restructured assets at 1.37% vs 1.5% - 17-Jan-2022 17:25
HCL Technologies Q3FY22 Review- Margins to improve gradually - 17-Jan-2022 17:15
HDFC Bank: Earnings in line; Balance Sheet strengthens further - 17-Jan-2022 16:52
Renaissance Global partners with National Football League - 17-Jan-2022 11:26
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer