Buy TVS Motor Company, target price Rs 1570: Motilal Oswal Financial Services

Motilal Oswal Financial Services has buy call on TVS Motor Company with a target price of Rs 1570. The current market price of TVS Motor Company is Rs 1501.5. Motilal Oswal Financial Services recommended to keep stop loss at Rs 1470.

TVS Motor Company, incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 70921.00 Crore) operating in Auto sector.

TVS Motor Company 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 30-06-2023, the company has reported a Consolidated Total Income of Rs 9142.05 Crore, up 12.89 % from last quarter Total Income of Rs 8098.54 Crore and up 24.42 % from last year same quarter Total Income of Rs 7347.83 Crore. Company has reported net profit after tax of Rs 452.16 Crore in latest quarter.

Investment Rationale
Higher lows from the last six months and buying can be seen at any small dips. Set to hit new highs.

Promoter/FII Holdings
Promoters held 50.27 per cent stake in the company as of June 2023 quarter while FIIs owned 18.13 percent and DIIs 23.4 per cent.