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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 Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 17 Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 142 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    Notice: Undefined variable: captchacode in /me/beta.myiris.com/htdocs/newsCentre/comments.php on line 183 into this box

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