Transport Corporation downgraded to sell amid valuation concerns
after close1 source ↓written by the desknot a recommendation
Transport Corporation of India has been downgraded to sell due to a shift in its valuation from attractive to fair. The company's P/E ratio of 18.91 is higher than many logistics peers, while its EV/EBITDA ratio of 16.96 indicates a less compelling valuation. Competitors like Delhivery and Blue Dart Express trade at higher P/E ratios but with different growth profiles.
Not investment advice. For informational purposes only.