|
01 Oct 2025 |
TVS Motor Company
|
Consensus Share Price Target
|
3449.10 |
3241.43 |
- |
-6.02 |
buy
|
|
|
|
|
31 Oct 2023
|
TVS Motor Company
|
Motilal Oswal
|
3449.10
|
1500.00
|
1590.80
(116.82%)
|
|
Neutral
|
|
|
|
|
31 Oct 2023
|
TVS Motor Company
|
Axis Direct
|
3449.10
|
2100.00
|
1590.80
(116.82%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock.
|
|
30 Oct 2023
|
TVS Motor Company
|
Prabhudas Lilladhar
|
3449.10
|
1650.00
|
1608.80
(114.39%)
|
Target met |
Accumulate
|
|
|
|
|
30 Oct 2023
|
TVS Motor Company
|
ICICI Securities Limited
|
3449.10
|
1696.00
|
1608.80
(114.39%)
|
Target met |
Accumulate
|
|
|
TVS Motor (TVSL)’s Q2FY24 EBITDAM, at 11% (up 50bps QoQ), was in line with consensus/our estimates. GM improved 60bps QoQ despite a 200bps increase in EV volume mix – benefit of which, we believe, got offset by higher S&M expenses driven by new launches.
|
|
03 Oct 2023
|
TVS Motor Company
|
Sharekhan
|
3449.10
|
1769.00
|
1496.05
(130.55%)
|
Target met |
Buy
|
|
|
|
|
24 Aug 2023
|
TVS Motor Company
|
Geojit BNP Paribas
|
3449.10
|
1485.00
|
1362.50
(153.14%)
|
Target met |
Hold
|
|
|
|
|
25 Jul 2023
|
TVS Motor Company
|
Prabhudas Lilladhar
|
3449.10
|
1400.00
|
1384.00
(149.21%)
|
Target met |
Accumulate
|
|
|
|
|
25 Jul 2023
|
TVS Motor Company
|
Axis Direct
|
3449.10
|
1450.00
|
1384.00
(149.21%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock.
|
|
25 Jul 2023
|
TVS Motor Company
|
ICICI Securities Limited
|
3449.10
|
1442.00
|
1307.10
(163.87%)
|
Target met |
Accumulate
|
|
|
TVS Motor Company’s (TVSL) Q1FY24 EBITDA margin at 10.6% (up 60bps QoQ) was in line with consensus and our estimate. EBITDA per vehicle and ASP per vehicle rose to new highs of INR 8k / INR 75.7k respectively. TVSL is confident of reaching sales of ~25k units of iQube per month starting next month with increase in the number of customer touch points and adding new export markets.
|
|
24 Jul 2023
|
TVS Motor Company
|
Motilal Oswal
|
3449.10
|
1300.00
|
1307.10
(163.87%)
|
Target met |
Neutral
|
|
|
|