Kotak Securities's Market Watch: Buy Tvs Motor Company with Target ₹ 2310

Kotak Securities has buy call on Tvs Motor Company at current market price of Rs 2276.85. The target price of Tvs Motor Company is Rs 2310.

About Tvs Motor Company:

TVS Motor Company is an Indian multinational motorcycle and scooter manufacturer headquartered in Chennai, Tamil Nadu. Founded in 1978, it is a part of the TVS Group, one of India's largest industrial conglomerates. TVS Motor is the third-largest motorcycle manufacturer in India and the largest exporter of two-wheelers from the country. Its popular models include Apache, Jupiter, and NTorq. The company has a global presence with operations in over 60 countries, including China, Indonesia, and the United Kingdom. With a focus on sustainability, TVS Motor is committed to electric mobility and is a leader in electric two-wheeler technology in India.

52 Week Price Trend:

TVS Motor Company's stock is currently trading at Rs 2276.85, well within its 52-week price range. The stock reached its highest point of the year at Rs 2186, while its lowest point was at Rs 1005. This indicates that the stock has been relatively stable over the past year, with no major price swings or fluctuations.

Stratzy's Analysis:

TVSMOTOR has earned an AAA rating from Stratzy's MOST framework, which evaluates Management, Outlook, Safety, and Trend. This indicates that the company has strong fundamentals, with low fundamental risks. The AAA rating suggests that TVSMOTOR has a well-managed team, positive outlook, solid financial stability, and favorable market trends.

Company's Fundamentals:

TVSMOTOR trades at a premium valuation as compared to its industry peers. The stock's Price-to-Earnings (PE) ratio of 62.82 indicates that investors are willing to pay a higher multiple of earnings for each share of the company. This could be due to the company's strong earnings growth prospects or its dominant market position. Similarly, the Price-to-Book (PB) ratio of 16.25 suggests that the company's assets are being valued at a higher multiple of their book value, reflecting the company's strong financial position. However, the low Dividend Yield of 0.23% indicates that the company does not distribute a significant portion of its earnings as dividends, which may be a consideration for income-oriented investors.

Fundamental and Technical information provided in this blog were last updated on 09 Mar, 2024

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