CMP : 280
Target Price :
Transport Corporation of India Ltd (TCIL)s earnings has come in below our
estimates, for 2QFY2016. The top-line was flat on a yoy basis, mainly due to
poor performance of all business segments, barring Seaways, which reported a
growth of ~11% yoy. On the operating front, the company showed a slight
improvement in margins. Further, lower i..