NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We recently visited TCI Express Ltd. sorting center in Pune. Spread over 1.5 lakh square feet, the center is fully automated and has ~50 loading docks.
The management expects recovery in B2B volumes (annualized 12-15% volume growth targeted) from H2 FY25E, on the back of improvement in textile loads (South based).
The stock is currently trading at 33 times/23 times FY24/FY26E earnings. We maintain ‘Buy' rating on TCI Express with a target price of Rs 1410 based on 29 times FY26E P/E multiple.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
