Thanks to the sales jump of 23 percent mopeds closed last year with volumes of 9.11 lakh units as compared to 8.7 lakh units clocked by scooters, the lackluster demand for two-wheelers last year notwithstanding. In 2016-17 domestic two-wheeler sales grew by a mere 7 percent to 17.58 million units.
TVS Motors, Dabur India and Cummins India are on the radar of Motilal Oswal Securities
Markets have rallied unidirectional through 2017 and investors have developed fear of Acrophobia. But, is the rally finally coming to an end? Are these fears justified? Answers Kunal Saraogi of Equityrush.com
Arihant Capital recommended hold rating on TVS Motors with a target price of Rs 532 in its research report dated April 28, 2017.
Systematix has recommended accumulate rating on TVS Motors with a target price of Rs 580 in its research report dated April 27, 2017.
TVS Motors and Honda top in customer satisfaction among two-wheelers makers when it comes to after-sales service and communication with consumers, according to a survey.
Net Sales are expected to decrease by 3.6 percent Q-o-Q (up 2.1 percent Y-o-Y) to Rs 2875 crore, according to ICICI Securities. TVS Motors to report net profit at 127 crore down 4.2% quarter-on-quarter.
In an interview to CNBC-TV18’s Latha Venkatesh, Anuj Singhal, and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
Stocks in US kicked off with their best start to a month in more than three years. The major indices closed more than 2 percent higher, helped by a rise in oil prices and a better-than-expected ISM manufacturing report.
2016 Auto Expo: TVS unveils the Akula 310
For the year, Greaves Cotton reported a decline in revenues from Rs 1,735.94 crore in FY14 to Rs 1697.71 crore, while its profit shrunk to Rs 83.63 crore from Rs 123.40 crore in 2013-14.
The FY16 Budget is marginally positive for the auto sector, says brokerage house Anand Rathi Securities.
Macquarie is bullish on autos, financial services and capital goods. It is bearish on FMCG, cement, oil & gas and power utilities
In an exception to the trend, Honda Cars India and Ford, however, reported increase in sales during the month riding on their successful models Amaze and EcoSport respectively.
ICICI Bank, IOB, Karur Vysya Bank, Bharat Forge, ITC, and TVC, among others will announce their earnings on Friday. Will the market be pushed to higher levels today?
Despite the opposition by some original equipment manufacturers (OEMs), the government sources in fact are maintaining that there is simply no question of a rollback on Quadricycles.
Investors must look for companies with economic moats as these are sustainable as well as create wealth and grow in diffucult times, says Nirmal Bang research report.
Ventura believes that, the concerns over fuel costs and expensive borrowing will continue to weigh on consumer interest for the remainder of this financial year, and likely outweigh the discounting schemes. Two wheelers sales too continue to remain strained with only two of the top four manufacturers in India reporting a growth in numbers.
According to Sudarshan Sukhani of s2analytics.com, there is more downside in TVS Motor.
Kotak Securities has come with its March`13 quarterly earning estimates for auto sector. According to the research firm, M&HCV segment continues to bore the maximum brunt of the current economic slowdown.
Ventura Securities has come out with its two wheeler monthly update report for March 2013. According to the research firm, Hero MotoCorp has planned for new launches, new campaigns, capacity addition and network expansion to boost the sentiment of the domestic industry and accelerate growth.
Sudarshan Sukhani of s2analytics.com advises to stay away from TVS Motors.
Sudarshan Sukhani, s2analytics.com is downbeat on TVS Motors and Bharti Airtel.
SP Tulsian, sptulsian.com advises to exit from TVS Motors around Rs 42.