Buy TVS Motor Company, target price Rs 2750: Anand Rathi

Anand Rathi has buy call on TVS Motor Company with a target price of Rs 2750. The current market price of TVS Motor Company Ltd. is Rs 2574.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 122313.55 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 10447.63 Crore, up 4.49 % from last quarter Total Income of Rs 9998.94 Crore and up 14.28 % from last year same quarter Total Income of Rs 9142.05 Crore. Company reported net profit after tax of Rs 502.85 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 50.27 per cent stake in the company as of 30-Jun-2024, while FIIs owned 21.05 per cent, DIIs 20.09 per cent.