Buy TVS Motor Company, target price Rs 1778: HDFC Securities

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 75626.74 Crore) operating in Auto sector.

By ETMarkets.com | Nov 01, 2023, 10.39 AM IST

Promoters held 50.27 per cent stake in the company as of 30-Sep-2023, while FIIs owned 18.51 per cent, DIIs 23.04 per cent.

HDFC Securities has buy call on TVS Motor Company with a target price of Rs 1778. The current market price of TVS Motor Company Ltd. is Rs 1590.7.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 75626.74 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 30-09-2023, the company reported a Consolidated Total Income of Rs 9983.75 Crore, up 9.21 % from last quarter Total Income of Rs 9142.05 Crore and up 16.22 % from last year same quarter Total Income of Rs 8590.56 Crore. Company reported net profit after tax of Rs 426.57 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50.27 per cent stake in the company as of 30-Sep-2023, while FIIs owned 18.51 per cent, DIIs 23.04 per cent.

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