Transport Corporation downgraded to sell amid valuation concerns
pre-market1 source ↓written by the desknot a recommendation
- respectively
- 47.45
Transport Corporation of India has been downgraded to sell due to a shift in valuation from attractive to fair. The company's P/E ratio is 18.91, higher than peers like Delhivery and Blue Dart Express, which trade at P/E ratios of 180.47 and 47.45 respectively. This downgrade reflects concerns over TCIs premium valuation relative to its net asset base.
Not investment advice. For informational purposes only.