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Buy TVS Motors; target of Rs 1350: Anand Rathi

Anand Rathi is bullish on TVS Motors has recommended buy rating on the stock with a target price of Rs 1350 in its research report dated January 24, 2023.

January 30, 2023 / 03:35 PM IST
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Anand Rathi's research report on TVS Motors

For TVS Motors, 2W off-take turned tepid in the quarter. Management talked of a gradual recovery in rural markets and, finance penetration having improved, augurs well for a recovery. Semi-conductor shortages have begun normalising and we expect demand for premium motorcycles and scooters to improve. iQube volumes have substantially improved since its introduction and would further improve as the company plans to penetrate into tier-3 and 4 markets.


We maintain a Buy at a revised TP of Rs1,350 (26x FY25e).

For all recommendations report, click here

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Broker Research
first published: Jan 30, 2023 03:35 pm