Name: Latest research reports of TVS Motor Company Ltd. authored by Anand Rathi and published by - Trendlyne research reports.
Item: TVS Motor Company Ltd.
Rating: 5
Author: Anand Rathi

Nifty 50

30 Oct 2025, 12:00AM

25903.60

-0.58%

ROLLOVER ANALYSIS

Nifty 50

invest4Edu

In October, the benchmark index Nifty delivered an impressive performance, advancing 5.38% on a month-to-date basis and positioning itself just shy of its all-time high.

invest4Edu released a Daily Note report for Nifty 50 on 30 Oct, 2025.

Bank Nifty

30 Oct 2025, 12:00AM

58208.35

-0.30%

DAILY MARKET MIRROR

Bank Nifty

SBI Securities

END OF DAY SUMMARY

Bank Nifty is trading above all available SMAs

Nifty 50

30 Oct 2025, 12:00AM

25903.60

-0.58%

Daily Derivative Report

Nifty 50

SBI Securities

Retail Research

invest4Edu released a Daily Note report for Nifty 50 on 30 Oct, 2025.

Nifty 50

30 Oct 2025, 12:00AM

25903.60

-0.58%

BAZAAR PULSE

Nifty 50

invest4Edu

MARKET SNAPSHOT

invest4Edu released a Daily Note report for Nifty 50 on 30 Oct, 2025.

TVS Motor Company Ltd.

29 Oct 2025, 12:00AM

3498.20

-0.02%

Robust Demand/Margin Outlook; Maintain BUY

Buy: TVS Motor Company Ltd.

Target

Anand Rathi

EBITDA surged by 40% y/y to Rs15.1bn, broadly in-line with our estimate. Our positive stance on the stock is backed by expected upturn in 2W volume (domestic/exports), led by GST relief and better financing availability.

TVS Motor Company Ltd. is trading below its 30 day SMA of 3522.9

TVS Motor Company Ltd.

29 Oct 2025, 12:00AM

3498.20

-0.02%

Healthy Q2; GST cut-led demand to sustain momentum in H2

Buy: TVS Motor Company Ltd.

Target

Emkay

TVSL logged a healthy Q2, with 29% YoY revenue growth and 12.7% EBITDAM (vs 11.7/12.5% YoY/QoQ). Per the management, the domestic 2W industry grew 24% during the festive season (urban/rural: ~26/22%), with TVSL outpacing peers with ~32% growth.

TVS Motor Company Ltd. is trading below its 30 day SMA of 3522.9

KFIN Technologies Ltd.

29 Oct 2025, 12:00AM

1102.60

-2.36%

Steady performance; outlook remains positive

Buy: KFIN Technologies Ltd.

Emkay

KFINTECH reported healthy performance during Q2FY26, with revenue at Rs3.1bn (+13% QoQ), ahead of consensus’/our estimates by ~2%, whereas EBITDA margin at 43.9% beat estimates of 42.3%.

KFIN Technologies Ltd.'s price crossed below 100Day SMA today

Shree Cements Ltd.

29 Oct 2025, 12:00AM

28785.00

-1.45%

Variable cost pressures pinch margins

Buy: Shree Cements Ltd.

Emkay

Shree Cement (SRCM) reported standalone EBITDA (adjusted) at Rs8.75bn (up 48% YoY, albeit down 29% QoQ), which came in ~10% below our estimate. In contrast to its weak YoY volume growth (-8%) in Q1FY26, SRCM reported ~4% growth in Q2FY26 which is in line with the industry growth estimate.

Shree Cements Ltd. is trading below all available SMAs

Indian Oil Corporation Ltd.

29 Oct 2025, 12:00AM

164.01

0.56%

Earnings outperformance on robust core GRMs

Buy: Indian Oil Corporation Ltd.

Target

Emkay

IOCL reported Q2FY26 EBITDA/APAT of Rs167.3/76.2bn, beating our estimates by 28%/52% on the back of better refining margins and lower opex. Core GRM of USD8.9/bbl was better than our estimate of USD7/bbl, while blended marketing margin seems largely inline.

Emkay increased Buy price target of Indian Oil Corporation Ltd. to 190.0 on 29 Oct, 2025.

Mahindra & Mahindra Financial Services Ltd.

29 Oct 2025, 12:00AM

313.75

-1.17%

Near-term outlook improves; valuation prices-in subpar RoA

Sell: Mahindra & Mahindra Financ...

Target

Emkay

MMFS reported a steady quarter, with PAT at ~Rs5.7bn (+8% QoQ/+54% YoY), ahead of Street and our estimates. Credit costs remained elevated at 2.2% (vs 1.9% in Q1), though the management expects moderation in coming quarters with full-year levels contained at ~1.7%.

Mahindra & Mahindra Financial Services Ltd. is trading above all available SMAs