Money Making Opportunity | Stocks to buy with Anil Singhvi: Sandeep Jain recommends TCI Express today
In today's edition of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, named another stock for investors to make good gains from.
In today's edition of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, named another stock for investors to make good gains from. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is TCI Express Limited and here is why.
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According to Sandeep Jain, TCI Express Limited operates as an integrated supply chain and logistics solutions provider. The company offers transportation, storage, warehousing, and support services for transportation. TCI Express serves customers worldwide. TCI XPS was established in 1996 as one of the foremost divisions of Transport Corporation of India (TCI), India’s most admired logistics company. Today, TCI XPS has been hived off to become TCI Express Limited.
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जैन सा'ब के GEMS
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In today's episode, market analyst Sandeep Jain said, "The fundamentals of TCI Express are very good. The return on capital employed (ROCE) is around 38- 39 percent and the return on equity is 30 percent. If you see the profit CAGR of the company in last three years, it has shown 33-34 percent CAGR growth. The sales CAGR of this company in last three year has been 11-12 percent.
The PAT (profit after tax) of the company is 2019 December was 26 crores and in 2020 December, the PAT of the company was 34 crores. The promoters, including FIIs and DIIs, have also increased the stakes in the company. At present, TCI Express is available at very good levels. I'm very bullish on this stock. Investors can buy this stock at these current levels," he further added.
TCI Express: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to TCI Express Limited shares, Jain told Anil Singhvi, "TCI Express Limited stock is currently trading around Rs 909.00 and one can target this stock at Rs 1,050."
10:42 AM IST