Gladiator Stocks - TCI Express - ICICI Direct

Technical View

The logistic space has seen strong buying demand in the last one year with most of the stocks breaking above their long term supply area. TCI Express has been an outperformer within the logistic space maintaining higher peak and higher trough in all time frame

It is currently at the cusp of generating a bullish Flag breakout signalling continuation of the primary up trend and offers fresh entry opportunity

The stock earlier during May 2021 has registered a resolute breakout above a rising supply line joining the highs of CY 2018 (Rs. 739) and CY 2020 (Rs. 949) signalling a structural turnaround.

It has already taken five weeks to retrace just 38.2% of its preceding four weeks rally (Rs. 940-1624). A shallow retracement highlights a higher base formation and a robust price structure

Fundamental View

- TCI Express ltd has emerged as one of the leading Indian B2B, surface logistics and express logistics solution provider. It focusses on five highly growing segments within the Express logistics space across different sectors such as automotive, pharmaceutical, textiles, Engineering, IT hardware and electronics. The company has created a robust hub and spoke infrastructure with more then 800+ owned centres pan-India and covering more than 40000 pick-up and delivery point for an effective express distribution system

- Rising competitiveness in the sector has left TCIEL unscathed, primarily due to the company's relentless focus on building its moat in the B2B segment by having owned branch offices, delivery to 40000 locations, focus on MSME and SME clients, continued investments in building IT networks etc, which helps the company in having control over user experience and providing value added services to clients

For details, click on the link below: Link to the report

Shares of TCI Express Ltd was last trading in BSE at Rs.1596 as compared to the previous close of Rs. 1487.55. The total number of shares traded during the day was 14027 in over 2180 trades.

The stock hit an intraday high of Rs. 1634 and intraday low of 1467.7. The net turnover during the day was Rs. 22205497.

Source : Equity Bulls

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