Small Cap Logistics Stock Sets Record Date For 100% Dividend, Geojit Suggests Buy For Gains

Small cap logistics company, Transport Corporation Of India Ltd on Wednesday fixed July 25, 2023 as the record date for 100% dividend that the board of directors recommended on May 18, 2023. Transport Corporation Of India share gave return of 325% in last 3-years. Meanwhile, brokerage firm Geojit has assigned buy call on Transport Corporation Of India with target price of Rs 813 apiece. Check details below:

Transport Corporation Of India Sets Record Date For Dividend: The company fixed July 25, Tuesday as the record date for dividend. Earlier on May 18, board of directors of TCI recommended a final of dividend of 100% i.e. Rs. 2/- per Equity Share for the FY ended 31st March 2023. The dividend, if approved by the shareholders in the 28th AGM, will be dispatched/credited within 30 days of AGM.

The same day board of TCI approved issuance of Non-Convertible Debentures/Bonds/Other similar Instruments up to an amount of Rs. 200 Crores.

Transport Corporation Of India Stock Performance & Return: Last trading price of Transport Corporation Of India is Rs 722.85 per share with intraday gain of 0.06% on BSE. Its 52-week high price is Rs 844.55 per share and 52-week low price is Rs 556.05 per share, respectively. It has a market capitalisation of Rs 5613.65 crore. Transport Corporation Of India share rallied 15% in last 3-months, 16% return YTD, 12% return in last 1-year, 70% return in last 2-years, and 325% return in last 3-years.

Transport Corporation Of India Valuation: According to the analyst in its report dated May 23, 2023, "We value TCI at a P/E of 15x on FY25E, given healthy earning target price of Rs.813."

Transport Corporation Of India About: Transport Corporation of India Ltd. (TCI) is one of the largest integrated players in the organised logistics industry. Key business segments include freight, supply chain, warehousing solutions, & shipping services.

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