Transport Corporation of India Ltd

(TCI)

Transport Corporation Announces Buyback Amid Stock Decline - 26 Aug, 2024

Transport Corporation of India Ltd. announced its first-ever buyback of equity shares worth Rs 160 crore at Rs 1,200 per share. Despite this, shares fell nearly 6% after the announcement, reflecting profit booking and market pressure.

Transport Corporation Announces First-Ever Share Buyback - 25 Aug, 2024

Transport Corporation of India Ltd. plans its first-ever buyback of equity shares worth up to ₹160 crore at ₹1,200 per share, a 4.4% premium. The buyback will cover 1.72% of total equity shares, with a record date set for September 4, 2024. The stock has risen 38% this year and 45% over the last 12 months.

Transport Corporation Announces Share Buyback Program - 24 Aug, 2024

Transport Corporation of India has announced a share buyback program worth Rs 160 crore, planning to repurchase up to 13,33,333 equity shares at Rs 1200 each. The record date for eligibility is set for September 4, 2024.

Transport Corporation of India Proposes Buyback, Shares Surge - 23 Aug, 2024

Transport Corporation of India plans to consider a buyback proposal on August 24, 2024. Following the announcement, shares surged 16% on August 22, 2024, and have shown a 37% increase in 2024, outperforming the BSE Services index. The company reported a revenue of Rs 939.40 crore and a net profit of Rs 105.20 crore for Q1FY25.

Transport Corporation Shares Surge on Buyback Proposal - 22 Aug, 2024

Transport Corporation of India shares experienced significant gains, hitting a 20% upper circuit after announcing its first-ever buyback proposal. The stock surged throughout the day, reflecting strong investor interest and confidence in the company's future prospects.

Transport Corporation of India Shares Surge Significantly - 10 Aug, 2024

Transport Corporation of India shares have surged 316 times since their 2002 listing, closing at Rs 1,015.75, with a 32.67% growth over the past year.

Transport Corporation of India Starts FY25 on a Positive Note - 02 Aug, 2024

Multimodal logistics service provider, Transport Corporation of India (TCI), reported solid revenue growth in Q1 FY25. The company's underlying business mix is improving, and medium-term triggers such as China plus and protectionist measures for the tyre industry are expected to boost its outlook. However, valuations are not inexpensive, and competitive intensity in the freight business has increased. TCI aims to increase the share of LTL revenues in the freight business.

ICICI Initiates Coverage on TCI with Buy Rating - 31 Jul, 2024

ICICI Securities has initiated coverage on Transport Corporation of India Ltd (TCI) with a buy rating and a target price of ₹1,200. The brokerage expects TCI's EBITDA margin to improve to 10.5% by FY26E, driven by a higher proportion of Less Than Truckload services in the surface division. Additionally, TCI plans to invest ₹300-400 crore in capital expenditure over the next three years, focusing on acquiring two new ships for the more profitable seaways division and enhancing warehousing and surface infrastructure.

ICICI Securities Initiates Coverage on Transport Corporation of India with a Bullish Outlook - 30 Jul, 2024

ICICI Securities has initiated coverage on Transport Corporation of India (TCI) with a target price of Rs 1,200, implying potential gains of 21%. The brokerage sees TCI as a good play in the current subdued operating environment for the logistics sector. TCI is refining its freight mix in favor of higher-margin LTL business and capex in high-margin sea freight segment likely to improve overall margins. Trading at relatively attractive valuation compared to peers.

Transport Corp Posts Strong Q1 Results - 29 Jul, 2024

Transport Corporation of India Ltd has reported strong Q1 results with both standalone and consolidated net sales showing significant YoY growth. Quarterly net profits have also increased by over 25%. Transport Corp shares closed at 985.45 on July 26, 2024 (NSE) and have given returns of 17.11% over the last 6 months and 30.51% over the last 12 months.