Stocks to buy with Anil Singhvi: Sandeep Jain recommends Transport Corporation of India today
Stocks to Buy With Anil Singhvi: 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 great returns.
Stocks to Buy With Anil Singhvi: 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 great returns. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Transport Corporation of India Limited (TCI) and here is why.
According to Sandeep Jain, Transport Corporation of India Limited (TCI), set up in 1958, is India's largest integrated logistics service provider. Transport Corporation of India Limited provides integrated cargo transportation and logistics services. The company offers handling of heavy-duty cargo through surface movement, door-to-door distribution for time committed cargo, and coastal shipping. It moves a variety of products, including raw materials, industrial products, pharmaceuticals, and agricultural products.
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In today's episode, market analyst Sandeep Jain said, " Transport Corporation of India is a great company. If we talk about the fundamentals of Transport Corporation of India, the good thing is that the PE multiple of the company's stocks is around 14-15, the return on capital employed (ROCE), and return on equity is around 15-16. In last three years, the sales CAGR of the company was 22-23 percent. They have reduced its debts in last few years, which is impressive."
"Both FIIs and DIIs have strong holdings in the company. The last year December quarter results were good. The PAT (profit after tax) of the company is 2019 December was 34 crores and in 2020 December the PAT of the company was 42 crores. At present, Transport Corporation of India is available at very good levels. I'm very bullish on this stock. Investors should buy this stock at these current levels. It will be beneficial for them in the future," he further added.
Transport Corporation of India: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Transport Corporation of India shares, Jain told Anil Singhvi, "Transport Corporation of India Limited stock is currently trading around Rs 250.00 and one can target this stock at Rs 290-320."
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