Transport Corporation of India downgraded to sell amid valuation concerns
pre-market1 source ↓written by the desknot a recommendation
Transport Corporation of India Ltd has been downgraded to sell due to a shift in valuation from attractive to fair. The company's P/E ratio is 18.91, which is higher than many logistics peers, while its EV/EBITDA ratio stands at 16.96. This indicates a less compelling valuation compared to competitors like VRL Logistics and Gateway Distriparks, which offer more attractive metrics.
Not investment advice. For informational purposes only.