ICICI Direct has buy call on TVS Motor Company with a target price of Rs 638. The current market price of TVS Motor Company Ltd. is Rs 615.
TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 29659.69 Crore) operating in Auto sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 6140.54 Crore, up .47 % from last quarter Total Income of Rs 6111.56 Crore and up 48.73 % from last year same quarter Total Income of Rs 4128.67 Crore. Company reported net profit after tax of Rs 317.06 Crore in latest quarter.
Investment Rationale
Price resuming uptrend after consolidating above recent gap area
Promoter/FII Holdings
Promoters held 57.39 per cent stake in the company as of March 31, 2020, while FIIs held 11.37 per cent, DIIs 21.01 per cent and public and others 10.04 per cent.
