Buy TVS Motor Company, target price Rs 585: Edelweiss

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Edelweiss has purchase name on TVS Motor Company with a target price of Rs 585. The present market price of TVS Motor Company Ltd. is Rs 542.75.

TVS Motor Company Ltd., integrated within the 12 months 1992, is a Large Cap firm (having a market cap of Rs 25785.35 Crore) working in Auto sector.

Financials
For the quarter ended 30-09-2020, the corporate reported a Consolidated gross sales of Rs 5254.36 Crore, up 170.89 % from final quarter Sales of Rs 1939.65 Crore and up 5.93 % from final 12 months identical quarter Sales of Rs 4960.27 Crore. Company reported web revenue after tax of Rs 184.19 Crore in newest quarter.


Investment Rationale
TVS Motor has given a recent breakout after taking help round 500. It has additionally closed above its earlier swing excessive of 530. Higher volumes point out greater energy on breakout.


Promoter/FII Holdings
Promoters held 57.39 per cent stake within the firm as of March 31, 2020, whereas FIIs held 11.37 per cent, DIIs 21.01 per cent and public and others 10.04 per cent.





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