Shares of Transport Corporation of India (TCI) rose over 2% following a positive outlook from Equirus, which maintains a long call on the stock with a target price of ₹1,395.
As of 10:10 AM, the Transport Corporation shares were trading 1.91% higher at ₹1,172.45.
The brokerage remains optimistic about TCI’s strong guidance and growth across key business segments.
Key Highlights:
- FY25 Guidance: TCI expects a 10-15% growth in revenue and profit for FY25.
- 1HFY25 Performance: TCI achieved 11% revenue growth and 17% PAT growth.
- Segment-wise Outlook: The Supply Chain Solutions (SCS) segment is poised for the highest growth, with Seaways and freight segments also contributing significantly.
- CAGR Projections (FY24-FY27E):
- Revenue: 12% CAGR
- EBITDA: 13% CAGR
- PAT: 15% CAGR
Equirus highlights TCI’s robust performance and diversified operations, positioning it well for long-term growth.
Transport Corporation of India (TCI) shares saw an opening of ₹1,158.30, reaching a high of ₹1,180.25 and a low of ₹1,150.05. The stock has a 52-week high of ₹1,309.00 and a 52-week low of ₹757.65.
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