Buy Transport Corporation of India, target price Rs 1,290: Motilal Oswal Financial Services
Motilal Oswal Financial Services has buy call on Transport Corporation of India with a target price of Rs 1,290. The current market price of Transport Corporation of India is Rs 1,073.2. Transport Corporation of India, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 8,339.24 Crore) operating in Logistics sector.
Transport Corporation of India key Products/Revenue Segments include Freight & Demurrage and Other Operating Revenue 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 1,056.00 Crore, down -3.60 % from last quarter Total Income of Rs 1,095.40 Crore and up 10.20 % from last year same quarter Total Income of Rs 958.30 Crore. Company has reported net profit after tax of Rs 70.50 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 68.94% stake in the company as of 30-Jun-2024, while FIIs owned 2.92%, DIIs 12.18%.
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