TVS Motor share price: Buy TVS Motor, target price Rs 800: Emkay

Emkay Global Financial Services has a buy call on TVS Motor Company Ltd. with a target price of Rs 800. The current price of TVS Motor is Rs 685.3.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large-Cap company (with a market cap of Rs 32598.10 Crore) operating in Auto sector.

TVS Motor Company Ltd. key Products/Revenue Segments include Automobile – 2 & 3 Wheelers, Accessories & Spares, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.



Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 6491.18 Crore, up 38.34 per cent from last quarter Total Income of Rs 4692.03 Crore and up 23.18 per cent from last year same quarter Total Income of Rs 5269.59 Crore. Company has reported net profit after tax of Rs 232.82 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 52.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.77 per cent, DIIs 25.16 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Source Link