Sharekhan is bullish on TVS Motors has recommended buy rating on the stock with a target price of Rs 650 in its research report dated January 22, 2019.
Sharekhan's research report on TVS Motors
For Q3FY19 TVSM reported a strong set of numbers across parameters; nos were marginally ahead of estimates. The recent launches of TVSM have generated a sturdy demand and enabled it to gain market share. With a healthy launch pipeline and robust export outlook, TVSM will continue to outpace industry growth.
We retain Buy rating on the stock of TVS Motors (TVSM), our preferred pick in 2W, with a revised PT of Rs 650.
For all recommendations report, click here
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