Logistics · TCIEXP
Logistics - Warehousing/Supply Chain
from 580 today
TCIEXP reported a broadly in-line operational performance in Q1FY27 with a volume growth of 7.3% YoY. Given the recent rally in stock price, we downgrade our rating to HOLD with a target price of INR576 based on 19x FY28E EPS.
TCI Express reported an in-line performance in 1QFY27, backed by healthy surface segment growth and a recovery in SME demand. We reiterate our Neutral rating with a revised target price of INR570 based on 20x FY28E EPS.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
