Bull of the day: TVS Motor

ALSO READ See latest News about TVS Motor See what other Experts & Brokerages are saying about TVS Motor See messages about TVS Motor TVS Motor BSE | NSE 09/02/12 Are Mutual Funds betting on TVS Motor? Other Stocks in this news Hero Honda Motors | Bajaj Auto | Maharashtra Scooters |

TVS Motor surged 5.76%, or Rs 7 to end at Rs 128.55. It touched a 52-week high of Rs 137.20. There were pending buy orders of 41,035 shares, with no sellers available.

Why the run-up? The company's first quarter results of FY11 were in-line with expectation. It has reported net profit of Rs 40.4 crore as against Rs 18.1 crore, a growth of 123.2% on year-on-year basis (YoY). Its net sales rose 38.56% to Rs 1,369 crore from Rs 988 crore.

CNBC-TV18 expected net profit at Rs 42 crore and net sales at Rs 1370 crore.

The board of TVS Motor has approved 1:1 bonus issue.

Also see the peer's comparison:

Company	Last Price	Market Cap	Sales Turnover	PAT
Hero Honda	1941.25	38764.34	15860.51	2231.83
Bajaj Auto	2413.65	34921.54	11920.98	1700.11
TVS Motor	128.5	3052.43	4424.01	86.5
Mah Scooters	384.75	439.71	4.42	8.41

 

 

 

 

What expert says? Technical Analyst, Ashwani Gujral said, "I think TVS Motor looks good and on all declines towards Rs 114-115 we can get into this and probably ride it towards level of Rs 135 to about Rs 140."

Shardul Kulkarni, Sr Technical Analyst, Angel Broking said, "TVS is clearly showing a very strong higher top-higher bottom cycle. So even in today's trading session inspite the stock being up 6-7% we would still maintain our view that any dip in this counter should be used to go long."

He further added, "The lower side support level for this particular stock is at around Rs 115. So any trader who wants to play around from 15-20 days perspective one should use any dip."

Sanjiv Patni, President & Head - Institutional Equities, Prabhudas Lilladher told, "TVS results have been good actually. I think overall in their markets they are doing very well. The primary market being the south and they are doing reasonably well over there. The same drivers, which are at work for other auto makers are at work for them as well. They are very strong in the south and that will continue to benefit them even going forward."

Must Read : TVS Motor targets over Rs 800cr in exports this fiscal