Should you buy, hold or sell shares of Tvs Motor Company now? Here’s what the brokers are saying


Shares of TVS Motor Company were in demand on Tuesday, a day after the automaker reported strong December quarter results. TVS Motor’s stock rose 7.6% to Rs 685 on BSE.

After-hours trading on Monday, the company announced a net profit of Rs 288.3 crore for the October-December period, up 8.5% on an annual basis.

Its quarterly revenue rose 5.8% year-on-year to Rs 5,706.4 crore, according to a regulatory filing.

Analysts in a CNBC-TV18 poll had estimated TVS Motor’s net profit at Rs 272 crore and revenue at Rs 5,456 crore.

Should you buy, sell or hold shares of TVS Motor Company now? Here is what the brokers are saying:

macquarie

The brokerage maintained an “outperform” rating on TVS Motor with a target price of Rs 810.

According to Macquarie, the company’s third-quarter earnings overrun led to a 40 basis point sequential expansion in its margin. The automaker’s export momentum is strong and the launch pipeline solid, the brokerage said.

Macquarie has revised its profit estimates for FY22 and FY23 by less than one percent for TVS Motor Company.

City

The brokerage kept its ‘sell’ call on TVS Motor with a target price of Rs 550. The company’s third quarter figures were ahead of estimates, but it is most vulnerable to growing competition in the market. electric vehicle space, according to Citi.

UBS

The brokerage continued with a ‘buy’ rating on TVS Motor with a target price of Rs 1,000. improving mix, according to UBS.

TVS is well positioned to capitalize on electrification and premiumization trends, the broker added.

(Edited by : Akanksha Upadhyay)

First post: STI


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