Logistics Stock Finalises Record Date For Dividend, Buy For Return Up To 26%: Motilal Oswal

Leading Logistics sector stock, Transport Corporation Of India Ltd today fixed February 7, 2023 as the record date for interim dividend. Meanwhile, brokerage firm Motilal Oswal remains bullish on the stock and assigned a target price of Rs 810. The stock declined 19% in last 3-months. Check details below:

1. Transport Corporation Of India Sets Record Date For Interim Dividend

The company's BSE filing stated, "Consider declaration of 2nd Interim Dividend, if any for Financial Year 2022-23. Record date for dividend, if declared, would be Tuesday, February 7, 2023, as decided in due consultation with stock exchanges."

2. Transport Corporation Of India Stock Performance & Return

The last trading price of the stock is Rs 642.70 apiece with an intraday gain of 5.84% on BSE. The stock's 52-week high is Rs 844.55 apiece and 52-week low is Rs 528.60 apiece, respectively.

The company has a market capitalisation of Rs 4982.31 crore. It has given return of 6% in last 1-week, declined 20% in last 3-months, fell again by 17% in last 1-year, and surged 138% in last 3-years.

3. Valuation

According to Motilal Oswal, "Expect revenue to rise by 16% YoY to INR9.7b, led by growth in Freight/Supply chain/Seaways segments. Expect EBITDA at INR1.0b (-5.7% YoY) and a flat operating margin QoQ. Expect adjusted PAT at INR720m (-12% YoY). Purchase of a new ship is a key monitorable."

Therefore, if you buy Transport Corporation Of India now at the current market price, you will receive a potential 26% upside.

4. Transport Corporation Of India About

Incorporated in 1958, as a "One Man, One Truck, One Office" company, TCI today is a leading integrated supply chain and logistics solutions provider and a pioneer in the sphere of cargo transportation in India. Leveraging on its extensive infrastructure, TCI offers seamless multi-modal Logistics solutions, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.