Buy TCI Express, target price Rs 1,370: Motilal Oswal Financial Services

Motilal Oswal Financial Services has buy call on TCI Express with a target price of Rs 1,370. The current market price of TCI Express is Rs 1,074.85. TCI Express, incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 4121.82 Crore) operating in Logistics sector.

TCI Express key Products/Revenue Segments include Freight & Demurrage for the year ending 31-Mar-2024.

Financials


For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 295.26 Crore, down -7.45 % from last quarter Total Income of Rs 319.04 Crore and down -3.62 % from last year same quarter Total Income of Rs 306.35 Crore. Company has reported net profit after tax of Rs 22.30 Crore in latest quarter.

Promoter/FII Holdings

Promoters held 69.6% stake in the company as of 30-Jun-2024, while FIIs owned 1.59%, DIIs 10.2%.