Mayuresh Joshi of Angel Broking told CNBC-TV18, "TVS Srichakra is something that I genuinely like over the next year and a half to two years. What you have seen in terms of volume growth, I think they will be able to maintain and manage that. What has happened with raw materials cost that has taken a large part in terms of how earnings have panned out. One really assumes the rubber prices that have gone up significantly over the past two quarters, my own take is that it is going to be volume growth driven at this point in time." "Their tie-up with Michelin is going to aid the volumes as well as the topline in significant manner going forward. They are targeting the export markets which is again a huge plus for the company in terms of how their earnings growth will pan out. Valuations again are not too expensive at this time, so if I had to lay a bet out for the next year and half to two years, I think TVS Srichakra will have strong rebound with volumes. Two-wheeler market share gains keep on increasing and again export markets will ensure that the earnings momentum is maintained over FY'18," he said.
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