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Buy TVS Motor Company Ltd; target of Rs 350: Edelweiss

Edelweiss is bullish on TVS Motor Company Ltd has recommended buy rating on the stock with a target price of Rs 350 in its research report dated June 3, 2016.

June 06, 2016 / 16:55 IST
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Edelweiss research report on  TVS Motor Company LtdTVS Motor Company is the third largest two-wheeler manufacturer in India and has annual production capacity of 3.2 million 2 wheelers & 1.2 Lakh 3 wheelers. Currently on the price chart, it is looking bullish from a medium term perspective for target of 350.The relative strength of the stock against its sector and versus overall market makes a favourable scenario of the bulls. Hence, we recommend accumulating the stock in the range of Rs.289 to 302 for target of Rs.350.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Jun 6, 2016 04:55 pm

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