Buy TVS Motor Company, target price Rs 1200: Emkay Global

Emkay Global has buy call on TVS Motor Company Ltd. with a target price of Rs 1200. The current market price of TVS Motor Company is Rs 1073.15. Time period given by analyst is one year when TVS Motor Company Ltd. price can reach defined target.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 51558.83 Crore) operating in Auto sector.

TVS Motor Company Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Other Operating Revenue, Sale of services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 7347.83 Crore, up 11.35 % from last quarter Total Income of Rs 6598.75 Crore and up 56.60 % from last year same quarter Total Income of Rs 4692.03 Crore. Company reported net profit after tax of Rs 306.31 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 50.81 per cent stake in the company as of 30-Jun-2022, while FIIs owned 9.85 per cent, DIIs 30.74 per cent.