FUN-TECH Analysis of Transportation Corporation of India - CMP – 433.60 Rs
Company
Basic Information - Transport Corporation of India Limited is headquartered in
Gurugram, Haryana, India. It was founded in 1958 by Mr. Prabhu Dayal Agarwal at
Kolkata, India.
Sector - Logistic
Industry –
Logistic Market Cap –
3349.96 Crore (Small Cap)
Impacting
News
1. Logistic
Industry grew very effectively amid COVID, expectation are there for further
increase in Business
2. FIIs have raised their stake in company by 0.72 %, where they
were decreasing since June’19
Technical
Views
1. Price is consolidating in a range waiting for breakout after
steep rise.
2. In a Daily Time Frame, we get to see a Double Bottom pattern
in formation which may result in breakout after complete formation of pattern.
3. Volume is contracting gradually
4. Logistic Industry is an industry of a year growth of which in
COVID is remarkable.
5. Price is taken support median of Bollinger Band, RSI and MACD
are in bullish area but not acting like one, it might take some more time
before breakout, however formation shows immediate breakout.
6. Along with Double Bottom pattern there is a flag pattern
observed which can breakout and give 220 Rs if volume supports the game along
with results.
Fundamental Views
1. Stock provides good return than FD.
2. TCI Increasing dividend continuously from last 5 years.
3. Its Price to Book Ratio is 2.8 where as Industry's Price to
Book Ratio is 4.40.
4. FII/FPI increased holding in last quarter by 0.72%.
5. Over the last 5 years free cash flow growth
·
FY -17 -
(16.52) Crore
·
FY -18 -
(2.32) Crore
·
FY -19 -
14.23 Crore
·
FY -20 -
95.73 Crore
·
FY -21 -
149.46 Crore
Forecasting
For FY-21-22
1. Return expectation - 15%
Upside is expected
2. Revenue Growth - 11% Upside
is expected
3. Earning Growth - 25% Upside
is expected
Action
Plan
1. Investment - Buy some here and add in DIP
till 390 and stop at 375, hold it for 3-6 months for Target of 665.
2. Trading - Buy some here and add
in DIP till 390 and stop at 380 , hold it for 1-1.5 months for Target of 465-485-505-535.
https://www.tradingview.com/x/NG4gilj8/
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