Buy Tvs Motor Company, target price Rs 2200: Kotak Securities

Kotak Securities has issued a buy call for TVS Motor Company, with a target price of Rs 2200. The current market price of TVS Motor Company is Rs 2161.65. This represents a potential upside of 1.7% for investors who purchase the stock at the current price. Kotak Securities believes that TVS Motor Company is well-positioned to benefit from the increasing demand for two-wheelers in India. The company has a strong product portfolio and a wide distribution network. TVS Motor Company is also investing in new technologies, such as electric vehicles, which could further drive growth in the future.

About Tvs Motor Company:

TVS Motor Company, a part of the TVS Group, is a leading Indian automotive company headquartered in Chennai. Founded in 1978, TVS Motor is known for manufacturing a wide range of two-wheelers, including motorcycles, scooters, and mopeds. The company operates in India and over 60 countries worldwide, with a focus on emerging markets. TVS Motor has a strong presence in the domestic market, with an extensive distribution network and a wide product portfolio. The company is committed to innovation and has a dedicated research and development center to drive product development and technological advancements.

52 Week Price Trend:

TVS Motor Company (NSE:TVSMOTOR) is currently trading at Rs 2161.65, close to its 52-week high of Rs 2186. The stock has had a remarkable run in the past year, climbing from a 52-week low of Rs 1005. This growth is attributed to strong demand for the company's two-wheelers, particularly in the domestic market. The company has also benefited from its focus on exports and its cost-cutting initiatives. Analysts remain optimistic about the stock's prospects, citing the company's strong brand recognition and its position as one of the leading two-wheeler manufacturers in India.

Stratzy's MOST Analysis:

TVSMOTOR has been rated AAA by Stratzy's MOST Framework, indicating low fundamental risks. This rating is based on the company's strong management, positive outlook, sound safety measures, and favorable market trends. The AAA rating suggests that TVSMOTOR is well-positioned for long-term growth and stability, with sound underlying fundamentals supporting its operations.

Company's Fundamentals:

TVS Motor Company (NSE: TVSMOTOR) is a publicly traded company on the National Stock Exchange of India (NSE). At present, the company's stock has a Price-to-Earnings (PE) ratio of 62.82, indicating that investors are willing to pay 62.82 times the company's earnings per share to own its stock. The Price-to-Book (PB) ratio of 16.25 suggests that the market value of TVS Motor Company's assets is 16.25 times their book value. Meanwhile, the dividend yield of 0.23% represents the annual dividend paid per share relative to the current market price, indicating a relatively low dividend payout by the company.

Fundamental and Technical information provided in this blog were last updated on 17 May, 2024

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