Buy TVS Motor Company, target Rs 650.0 : Ashish Maheshwari

Ashish Maheshwari of Blue Ocean Strategic Advisors has a buy call on TVS Motor Company Ltd. with a target price of Rs 650.0 .The current market price of TVS Motor Company Ltd. is Rs 533.55 Time period given by analyst is Medium Term when TVS Motor Company Ltd. price can reach defined target. Ashish Maheshwari recommended to keep stop loss at Rs 500.0 .

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of ₹ 24875.56 Cr.) operating in Auto sector.

TVS Motor Company Ltd. key Products/Revenue Segments include Motorcycles which contributed ₹ 4236.16 Cr to Sales Value (34.63 % of Total Sales), Scooters which contributed ₹ 3054.91 Cr to Sales Value (24.97 % of Total Sales), Automobile - Mopeds which contributed ₹ 1554.81 Cr to Sales Value (12.71 % of Total Sales), Accessories & Spares which contributed ₹ 1238.38 Cr to Sales Value (10.12 % of Total Sales), Automobile - 3 Wheelers which contributed ₹ 1023.92 Cr to Sales Value (8.37 % of Total Sales), Other Sales which contributed ₹ 901.56 Cr to Sales Value (7.37 % of Total Sales), Other Operating Revenue which contributed ₹ 137.62 Cr to Sales Value (1.12 % of Total Sales), Raw Materials which contributed ₹ 68.94 Cr to Sales Value (0.56 % of Total Sales), Sale of services which contributed ₹ 15.82 Cr to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of ₹ 2844.50 Cr., down 3.67% from last quarter Sales of ₹ 2952.85 Cr. and up 2.45% from last year same quarter Sales of ₹ 2776.39 Cr. Company has reported net profit after tax of ₹ 126.77 Cr. in latest quarter. The company’s CEO is Mr.Venu Srinivasan. It's Board of Directors include Mr.Venu Srinivasan, Mr.K N Radhakrishnan, Mr.K S Srinivasan, Mr.S G Murali, Dr.Lakshmi Venu, Mr.C R Dua, Mr.H Lakshmanan, Mr.Hemant Krishan Singh, Mr.K S Srinivasan, Mr.Prince Asirvatham, Mr.R Ramakrishnan, Mr.Rajesh Narasimhan, Mr.Sudarshan Venu, Mr.T Kannan. Company has its registered office at ''Jayalakshmi Estates'',, 29 (Old No.8),, Haddows Road, Chennai (Madras), 600006, Tamil Nadu. Company has V Sankar Aiyar & Co. as its auditors. As on 31-03-2017, the company has a total of 475,087,114 shares outstanding.