Betting in the shares of Transport Corporation of India (TCI) can be beneficial. This estimate is of brokerage Motilal Oswal. Motilal Oswal has given buy rating to the stock of this company. This means that the brokerage has been advised to buy shares.
How much will be the benefit: According to the brokerage, the share price will go up to Rs 880. Presently the share price on BSE index is Rs.645. From this perspective, a profit of Rs 235 per share can be made within a year. Motilal Oswal’s target price is Rs 880, so it shows a potential growth of over 38 per cent. Let us tell you that the 52 week high level of the company is Rs 858.
This price of the company was in the month of January this year. This means to say that once again there is an estimate of recovery in the company’s stock. It has gained over 145 per cent in one year, while the stock price is down 12 per cent so far in 2022 (on a year-to-date basis).
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The brokerage expects the growth momentum to continue, with a pick-up in economic activity, normalization in transportation activity, and government reforms to increase the market share of organized companies such as TCI.
Let us tell you that Transport Corporation of India is the largest integrated logistics service provider in India. The company has service providers for Road Freight, Integrated Supply Chain Solutions, Sea Freight to Rail Freight.