Buy TVS Motor Company, target Rs 380: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on TVS Motor Company Ltd. with a target price of Rs 380. The current market price of TVS Motor Company Ltd. is Rs 360.9. Time period given by the analyst is Intra Day when TVS Motor Company Ltd. price can reach defined target. Sagar Doshi recommended to keep stoploss at Rs 350. TVS Motor Company Ltd., incorporated in 1992, has a market cap of Rs 17145.89 crore.

TVS Motor Company Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers which contributed Rs 16158.15 Crore to Sales Value (88.73 % of Total Sales), Accessories & Spares which contributed Rs 1720.97 Crore to Sales Value (9.45 % of Total Sales), Other Operating Revenue which contributed Rs 297.41 Crore to Sales Value (1.63 % of Total Sales), I T Services which contributed Rs 16.72 Crore to Sales Value (0.09 % of Total Sales), Royalty Income which contributed Rs 16.67 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 5018.34 Crore, up 1.29 % from last quarter Sales of Rs 4954.65 Crore and up 8.72 % from last year same quarter Sales of Rs 4615.79 Crore Company has reported net profit after tax of Rs 152.58 Crore in latest quarter. The company’s top management includes Dr.Lakshmi Venu, Mr.C R Dua, Mr.H Lakshmanan, Mr.Hemant Krishan Singh, Mr.K N Radhakrishnan, Mr.Prince Asirvatham, Mr.R Gopalan, Mr.Rajesh Narasimhan, Mr.Sudarshan Venu, Mr.T Kannan, Mr.Venu Srinivasan, Mrs.Lalita D Gupte. Company has V Sankar Aiyar & Co. as its auditors. As on 30-06-2019, the company has a total of 475,087,114 shares outstanding.