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ICICI Direct Report
Transport Corporation of India Ltd. fared better than our estimates on all fronts. What surprised us is the effort it showed in maintaining margins, even in a scenario of weak operating leverage.
It has a diversified portfolio of value-added services across varied customers and industries, lowering volatility in gross margins.
For the year, the management expects demand from e-commerce, fast moving consumer goods, automobile sector, agriculture, pharmaceuticals and the chemical sectors.
Transport Corporation of India's ability to provide multi-modal integrated logistics solutions helped it to continue serving existing customers as well as acquire several new engagements.
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