Sharekhan has given Buy on the stock with a revised pric recommendation for Transport Corporation of India with a target price of Rs. ekhan is bullish on Transport Corporation of India has recommended buy on the stock with a revised price target (PT) of Rs. 855 in its research report issued on Jan 27, 2022

Outlook

TCI is expected to benefit from the logistics sector’s growth tailwinds led by GST (business moving towards the organised sector), government thrust on Atmanirbhar Bharat (PLI incentives to increase domestic manufacturing in turn leading to increased logistics needs), and global supply chain re-alignments (India is expected to be one of the key beneficiaries of China +1 strategy for global manufacturers). We expect TCI to be on a long-term growth trajectory, driven by positive sectoral fundamentals and its inherent strengths and capabilities. We retain our Buy rating on the stock with a revised SOTP based target of Rs. 855 factoring upwardly revised estimates and valuation multiples.

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