Buy TCI Express, target price Rs 2250: ICICI Direct

ICICI Direct has buy call on TCI Express with a target price of Rs 2250. The current market price of TCI Express Ltd. is Rs 1884.85. Time period given by analyst is one year when TCI Express Ltd. price can reach defined target.

TCI Express Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 7268.26 Crore) operating in Logistics sector.

TCI Express Ltd. key Products/Revenue Segments include Freight & Demurrage for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 292.37 Crore, down -2.63 % from last quarter Total Income of Rs 300.28 Crore and up 30.20 % from last year same quarter Total Income of Rs 224.56 Crore. Company reported net profit after tax of Rs 31.01 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 66.69 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.89 per cent, DIIs 8.8 per cent.