Buy TVS Motor Company, target price Rs 790: Axis Securities

Axis Securities has buy call on TVS Motor Company with a target price of Rs 790. The current market price of TVS Motor Company is Rs 735. Time period given by analyst is 4 weeks 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 34382.05 Crore) operating in Auto sector.

TVS Motor Company Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Accessories & Spares, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 6598.75 Crore, down -.11 % from last quarter Total Income of Rs 6606.22 Crore and up 7.46 % from last year same quarter Total Income of Rs 6140.54 Crore. Company reported net profit after tax of Rs 279.29 Crore in latest quarter.


Investment Rationale
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.

Promoter/FII Holdings
Promoters held 50.81 per cent stake in the company as of 31-Mar-2022, while FIIs owned 11.97 per cent, DIIs 28.51 per cent.