Stay invested in TVS Motor: Lancelot D'Cunha

Lancelot D'Cunha, CEO at ITI Wealth management told CNBC-TV18, "The quarterly numbers of sales has been good, the monthly numbers are also looking good and I think TVS Motor has a couple of new models in the pipeline, which will be launched over the next two-three quarters. So if one is a long-term investor and wants to hold on for maybe a couple of quarters, you could probably see a higher price of around Rs 270 from the stock because we are seeing some improvement in margins due to the export sales that have taken place and that will result in some amount of rerating for the stock."

"At the same time, the market has moved quite a lot one way and there is a little bit of concern that if the market starts to correct, you could see a fall in TVS Motor. So put a trailing stoploss at around Rs 180 and keep the position on with the upward momentum, so he/she could maybe cash out at a higher level and if the market does correct then one could exit around Rs 180," he said.