Espresso shot of the day – TCI Express Ltd up by 6.94 percent

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Espresso shot of the day – TCI Express Ltd up by 6.94 percent

August 23, 2021
Espresso shot of the day – TCI Express Ltd up by 6.94 percent

TCI EXPRESS LTD 1384.55 (+6.94 %) BSE – INE586V01016 | 23RD AUGUST 2021


TCI XPS was established in 1996 as one of the foremost divisions of Transport Corporation of India (TCI), India’s most admired logistics company. Today, TCI XPS has been hived off to become TCI Express Limited, an independent company. Here, the focus is very clearly on express cargo distribution with greater emphasis on the burgeoning e-commerce business. They specialize in offering time-definite solutions. They are the only express cargo company in India having their own setup across India, reinforced with a team of over 3,500+ professionals and more than 40,000 pickup and delivery locations.

Recent Drivers

  • On July 29, 2021,TCI Express Ltd. posted a multifold jump in profit after tax (PAT), at Rs 24 crores for the June quarter, boosted by higher income. During the year-ago quarter, the company had clocked a PAT of over Rs 1 crore.
  • On July 29, 2021, total income of TCI Express from operations rose to Rs 224.56 crores from Rs 90 crores in the April-June period of the preceding financial year.
  • Under the company’s cold-chain service, the company has transported 50 lakh vaccines and 10,000+ oxygen concentrators during the quarter.
  • On July 28, 2021, the Nomination & Remuneration Committee of the company approved a grant of 39,000 stock options to the eligible employees at an exercise price of Rs 698 per option under the Employee Stock Option Plan 2016 (5th tranche).
  • On July 5, 2021, the Board of Directors recommended final dividend for the FY 2020-21 at the rate of Rs 2 per equity share of face value of Rs 2 each.
  • On June 16, 2021, CRISIL Rating re-affirmed the credit rating of the company, in respect of Bank Loan facilities as AA-
  • On June 10, 2021, TCI Express announced that its new sorting centre at Pune has become operational after receiving relevant regulatory approvals.
(Sources: The Economic Times, BSEIndia, Business Standard)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.94%
  • 3 months average volume of NSE: 1,16,001
  • Quantity traded: 8,118 | Deliverable quantity: 2,413 (29.72%)
  • Stock price has jumped more than 90% from one-year low level: 734.50 (Sept 9, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 1,747.00 | 52-week-low: 734.50

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1589.50

1282.60

1104.80

797.90

620.10

313.20

135.40

-

Fibonacci Pivot

1282.60

1097.44

983.06

909.38

797.90

686.42

612.74

498.36

313.20


Today’s Close

1384.55

SMA

BSE

10 DAY

1365.86

20 DAY

1446.20

50 DAY

1470.59

200 DAY

1085.56


Some Key Ratios (Source: BSE)

Market Cap: 5,335.45 crores

PE: 43.11

OPM%: 15.13

ROE%: 28.45

Promoters holding%: 66.79

Prev. Close: 1294.75

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.