Buy Transport Corporation of India; target of Rs 850: Motilal Oswal - Moneycontrol

Transport Corporation of India (TRPC) is a logistics company that provides comprehensive solutions in freight, supply chain, and seaways. With a diverse presence in various segments, TRPC is well-positioned to cater to a broader market. Its freight services business is expected to benefit from the shift to organized sectors, while the supply chain division is anticipated to recover due to improvements in the automotive sector. TRPC's Seaways segment is projected to sustain its growth momentum, and the company plans to expand its capacity in FY24. Analysts recommend buying TRPC stock with a target price of INR 850.

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