Buy TVS Motor Company, target price Rs 855: Yes Securities

Yes Securities has buy call on TVS Motor Company with a target price of Rs 855. The current market price of TVS Motor Company Ltd. is Rs 772. Time period given by analyst is Intra Day 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 36676.73 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 31-03-2022, the company 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
On point & figure (P&F) chart, Bullish Turtle breakout implies continuation of recent rally.

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.