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Friday, February 17, 2012

Transcorp International Ltd:Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Transcorp International Ltd
cmp:45
Code:532410

Story:Transcorp International Limited engages in the foreign exchange, inward remittances, and tours and travels businesses primarily in India. It offers various money changing services, including travelers cheques, travel cards, and foreign currency maintenance; money transfer services; and tours and travel, car rental, foreign exchange, and inward money transfer services. Transcorp International Limited also involves in investment activities.The gross revenue of the Company for the year ended 31st March, 2011 was Rs. 3803.62 Lacs as compared to Rs. 3011.49 Lacs in previous year.During the year under consideration, the company consolidated the operations in both wholesale as well as retail segment of the foreign exchange business.Its aggressively pursuing the inward remittance business.In last fiscal the consideration sub-agents locations got reached to a level of 5600 sub-agents resulting a very good growth in transactions.Company is also expanding geographically with a plan to open more branches, outlets and destinations during the current year to further expand the direct reach of the Company to maximum number of retail clients.Future numbers would dictate its price trend in the bourses.

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Posted by Arun Mukherjee at 7:43 PM

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