External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We reiterate our Buy rating with a revised TP of INR2,130, implying a potential upside of 25%. </li><li>TCIE is a well-established player in the Express Logistics segment, with a pan India presence and catering to 95% of pin codes.</li><li>With a lease-based model for most of its required assets, TCIE enjoys greater operational flexibilities and generates a better return on assets</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We reiterate our Buy rating with a revised TP of INR2,130, implying a potential upside of 25%. TCIE is a well-established player in the Express Logistics segment, with a pan India presence and catering to 95% of pin codes.With a lease-based model for most of its required assets, TCIE enjoys greater operational flexibilities and generates a better return on assetsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>About the stock: TCI Express is a leading asset light B2B (95% of revenues) express logistics company with 28 sorting centres, 800+ owned pan-India centres covering 40000 pick-up and delivery points.</li><li>SME and corporate clients comprise 50:50 of overall revenues </li><li>Total 55% of revenues from sectors like auto ancillary, pharma, engineering</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

About the stock: TCI Express is a leading asset light B2B (95% of revenues) express logistics company with 28 sorting centres, 800+ owned pan-India centres covering 40000 pick-up and delivery points.SME and corporate clients comprise 50:50 of overall revenues Total 55% of revenues from sectors like auto ancillary, pharma, engineeringContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

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.

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TCI Express Ltd (TCIEXP IN)

TCI Express: Ticking All the Right Boxes

We reiterate our Buy rating with a revised TP of INR2,130, implying a potential upside of 25%. TCIE is a well-established player in the Express...

Motilal Oswal

TCI Express

What should investors do? TCI has been consistently delivering strong profitable growth (within a competitive environment), helped by its...

ICICI Securities Limited

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