This logistics multibagger stock has declared an interim dividend of 125% 

This logistics multibagger stock has declared an interim dividend of 125% 

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-10-31T21:20:23+05:30

Do you own shares of this logistic sector-focused company which has risen 231% in the last two years?

Transport Corporation of India Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 224 on October 30, 2020, to Rs 750 on October 28, 2022, an increase of 231.5% in the two-year holding period. Meanwhile, the S&P BSE SmallCap index, of which the company is a part, surged 91.57%, climbing from the level of 14888 in October 2020 to 28688.57 on October 2022.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.31 lakh today. 

In the recent quarter, the company’s top line increased by 15.53% YoY to Rs 850.90 crore. However, the bottom line decreased by 16 % YoY to Rs57.41 crore. The logistic company has also declared an Interim Dividend for FY 2022-23 @ 125% (Rs 2.50) per Equity Share of Face Value of Rs 2 each to the shareholders whose names appear on the Register of Members on the record date i.e. Saturday, November 5, 2022.

The company is currently trading at a TTM PE of 20.45x against the industry PE of 27.09x. In FY22, the company delivered an ROE & ROCE of 22.48% and 23.46%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 5537.36 crore.

Today, the scrip opened at Rs 735 and has touched a high and low of Rs 735.80 and Rs 708.25, respectively.

At the closing bell, the shares of Transport Corporation of India Ltd were trading at Rs 714.30, a decrease of 4.91% from the previous day’s closing price of Rs 751.20 on BSE. The stock has a 52-week high & low of Rs 858 and Rs 528.60, respectively on BSE.

 

 

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