TCI Express Ltd. share price target

Transport Corporation of India Ltd (TCI) is one of the largest integrated players in the organized logistics industry, providing Freight, supply chain, warehousing solutions and shipping services. It offers logistics solutions for B2B and B2C clients. Hero Motocorp, Maruti Suzuki India, Dr Reddy's Laboratories, BHEL, Cummins India, ITC, Bata India, Flipkart, Snapdeal are some of the key clients of TCI Express. TCI Express Ltd has laid out plans for ` 400 crore expansion over the next five years to modernize its existing 28 sorting centres across the country and scale up the IT network . The investment, funded through internal accruals, will scale up the company's revenues to ` 4,000 crore in the next five years from the ` 754 crore in 2016-17 . Post expansion, the company looks at about 20 million square feet of space at its sorting centres against the current 100,000-125,000 sqft....

ICICI Securities Ltd | Retail Equity Research Revenues grew by 22% YoY (up 12% QoQ) to | 229 crore. The management believes that the robust growth was on the back of...