Time to book out TVS Motors: Ambareesh Baliga
It has already run its course and it is time to book out. We have been extremely cautious with two wheelers because it's a bit difficult for it to repeat the gowth that you have seen, for the next year or two.
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| Ambareesh Baliga, VP Karvy Stock Broking Ltd
TVS Motors, what does one do with this one?
It has already run its course and it is time to book out. We have been extremely cautious with two wheelers because it's a bit difficult for it to repeat the gowth that you have seen, for the next year or two. The market has already discounted this sort of a growth going ahead so when the reality dawns I think you will see a decent correction in most of these stocks again. Clearly TVS is eating into Hero Honda's territory. Bajaj Auto has also eaten into that territory, so I think Hero Honda could be the weakest of the whole lot going ahead followed by TVS and Bajaj.
TVS Motors, what does one do with this one?
It has already run its course and it is time to book out. We have been extremely cautious with two wheelers because it's a bit difficult for it to repeat the gowth that you have seen, for the next year or two. The market has already discounted this sort of a growth going ahead so when the reality dawns I think you will see a decent correction in most of these stocks again. Clearly TVS is eating into Hero Honda's territory. Bajaj Auto has also eaten into that territory, so I think Hero Honda could be the weakest of the whole lot going ahead followed by TVS and Bajaj.
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