TVS Motor clocks robust growth in Q2; Should you buy, hold or sell TVS stock-
TVS Motor Company’s stock price surged by 1.56% to Rs 1634; however, it retreated later by 0.71% to Rs 1,597 a day the company posted a standalone net profit of Rs 537 crore in the second quarter of FY24, a 32% year-on-year (YoY) increase compared to Rs 407 crore in Q2FY23. The company reported a 13% year-over-year revenue increase, reaching Rs 8,145 crore in the second quarter ending on September 30, as opposed to the Rs 7,219 crore it had recorded in the corresponding period of 2022.
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TVS Motor Company’s share price gained 0.85% in the last five days, 4.53% in the last one month, 28.18% in the last six months and a whopping 49.11% year to date.
Should you buy, sell or hold TVS shares?
Jefferies: Buy – Target Price: 2,000
“We fine-tune FY24-25 EPS and see strong 35% EPS CAGR over FY23-26E; our FY24-…