New Delhi, Jan. 28 -- Transport Corporation of India (TCI) posted a record performance for Q3FY22, robust on all parameters. Among key segments, revenue from Seaways/Freight rose 43%/4% year-on-year (YoY). Overall EBITDA margin came in healthy at 13%, led by the Seaways segment.

Motilal Oswal has maintained its Buy rating on the multibagger stock with a revised target price of Rs.880 per share. The brokerage expects rising contribution from the high margin Seaways segment and improving share in the less than truckload (LTL) business in the Freight division to support margin performance.

Another brokerage Edelweiss is bullish on TCI on it's improving business mix, which along with a diversified business portfolio should attain sustainabl...