Transport Corp of India down on Q4 profit fall

Transport of India

19/05/2023 07:57

** Shares of Transport Corp of India  TCIL.NS  fall as much
as 4.3% to 641.3 rupees, biggest pct loss since March 24
    ** Co reported 4.65% fall in Q4 consolidated net profit,
hurt by slowing demand and higher costs
    ** More than 106,100 shares change hands by 12:20 p.m. IST,
1.6x the 30-day avg of 66,834 shares
    ** Analysts covering the stock on average have a "strong
buy" rating; median PT is 814 rupees - Refinitiv data
    ** Stock up 8.2% YTD up to last close

($1 = 81.7800 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))