Buy Transport Corporation of India, target price Rs 1,290: Motilal Oswal Financial Services
Motilal Oswal recommends buying Transport Corporation of India (TCI) stock, targeting a price of Rs 1,290. TCI, a multimodal logistics provider, reported strong Q2 financials with increased total income and net profit. The brokerage projects a 15%/19%/18% CAGR in revenue/EBITDA/PAT over FY24-27, driven by TCI's diverse offerings and established infrastructure.