Buy Transport Corporation of India, target price Rs 840: HDFC Securities

HDFC Securities has buy call on Transport Corporation of India with a target price of Rs 840. The current market price of Transport Corporation of India is Rs 732.15.

Time period given by analyst is one year when Transport Corporation of India Ltd. price can reach defined target.
Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 5711.05 Crore) operating in Logistics sector.


Transport Corporation of India Ltd. key Products/Revenue Segments include Freight & Demurrage, Other Operating Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 828.06 Crore, up 18.26 % from last quarter Total Income of Rs 700.21 Crore and up 17.71 % from last year same quarter Total Income of Rs 703.45 Crore. Company reported net profit after tax of Rs 68.88 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 66.54 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.29 per cent, DIIs 12.47 per cent.