Buy TCI Express, target price Rs 1410: Prabhudas Lilladher

Prabhudas Lilladher has buy call on TCI Express with a target price of Rs 1410. The current market price of TCI Express Ltd. is Rs 1170.05.

TCI Express Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 4461.34 Crore) operating in Logistics sector.

TCI Express Ltd. key Products/Revenue Segments include Freight & Demurrage for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 319.04 Crore, up 1.66 % from last quarter Total Income of Rs 313.83 Crore and down -2.71 % from last year same quarter Total Income of Rs 327.92 Crore. Company reported net profit after tax of Rs 31.59 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 69.6 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.42 per cent, DIIs 8.92 per cent.