Trending stocks: TCI Express shares climb over 3%

NEW DELHI: Shares of TCI Express Ltd. traded 3.4 per cent up in Thursday's trade at 11:46AM (IST). Around 293 shares changed hands on the counter.

The scrip opened at Rs 656.85 and touched an intraday high and low of Rs 678.8 and Rs 656.85, respectively, in the session so far. Shares of the company of TCI Express Ltd. quoted a 52-week high of Rs 950.45 and a 52-week low of Rs 491.0.

Total market cap of the TCI Express Ltd. stood at Rs 2588.99 crore at the time of writing this report.

The logistics services provider said its operations have been severely impacted on account of the coronavirus outbreak and it expects its profitability to be hit in June quarter.

Key Financials
The company reported consolidated net sales of Rs 237.94 crore for the quarter ended 31-Mar-2020, down 11.34 per cent from previous quarter's Rs 268.38 crore and down 10.5 per cent from the year-ago quarter's Rs 265.84 crore.

The net profit for latest quarter stood at Rs 19.01 crore, down 12.6 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 6.69 per cent stake in the company, while foreign institutional investors held 2.66 per cent and the promoters 66.91 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 29.07 and a price-to-book ratio of 7.68. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

TCI Express Ltd. belongs to the Warehousing/Supply Chain/Road Transport industry.