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TVS Motor catches speed on introducing TVS Apache RTR 160 4V with new features, technology TVS Motor Company is currently trading at Rs. 2454.25, up by 40.75 points or 1.69% from its previous closing of Rs. 2413.50 on the BSE. The scrip opened at Rs. 2439.95 and has touched a high and low of Rs. 2457.45 and Rs. 2414.35 respectively. So far 2443 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2958.15 on 27-Sep-2024 and a 52 week low of Rs. 1705.70 on 20-Nov-2023. Last one week high and low of the scrip...
TVS Motor catches speed on introducing TVS Apache RTR 160 4V with new features, technology
TVS Motor catches speed on introducing TVS Apache RTR 160 4V with new features, technology
Source: Accord Fintech
2024-11-19 11:40:04 am
Buy TVS Motors Ltd For Target Rs. 2,759 By Choice Broking Ltd In Q2FY25, TVS Motors registered lower than expected performance on all fronts. Revenue for the quarter under review improved by 13.3% YoY basis to Rs.92.3bn (vs est. Rs.95.6bn) led by 14.3% YoY volume growth and 0.9% YoY de-growth in ASP. Operating profit jumped by 20% YoY to Rs.10.8bn vs est. of Rs.11.6bn and EBIDTA margin for the quarter expanded by 65 bps YoY/ 24bps QoQ to 11.7% vs est of 12.1%. Effort on reduction in RM to sales is commendable, despite increase in other expenditure and s...
Buy TVS Motors Ltd For Target Rs. 2,759 By Choice Broking Ltd
Buy TVS Motors Ltd For Target Rs. 2,759 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-10 11:01:34 am
TVS Motor rides high on logging sales growth of 13% in October 2024 TVS Motor Company is currently trading at Rs. 2426.10, up by 14.05 points or 0.58% from its previous closing of Rs. 2412.05 on the BSE. The scrip opened at Rs. 2412.05 and has touched a high and low of Rs. 2455.00 and Rs. 2395.80 respectively. So far 6041 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2958.15 on 27-Sep-2024 and a 52 week low of Rs. 1600.65 on 06-Nov-2023. Last one week high and low of the scrip...
TVS Motor rides high on logging sales growth of 13% in October 2024
TVS Motor rides high on logging sales growth of 13% in October 2024
Source: Accord Fintech
2024-11-05 12:35:59 pm
Neutral TVS Motor Company Ltd For Target Rs.2,610 By Motilal Oswal Financial Services Ltd In-line results; positives appear priced-in Industry growth of 7-8% YoY expected in 3QFY25 * TVS Motor (TVSL) posted an in-line result, with margin at 11.7% (est. 11.1%) despite an adverse mix. On the back of better monsoons and higher reservoir levels, domestic 2W rural demand has been ahead of urban demand in 1HFY25, which is anticipated to sustain in FY25. However, the export outlook continues to be uncertain due to weak demand in Africa. * Management expects the 2W industry to post ...
Neutral TVS Motor Company Ltd For Target Rs.2,610 By Motilal Oswal Financial Services Ltd
Neutral TVS Motor Company Ltd For Target Rs.2,610 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-11-04 05:57:18 pm
Electric two-wheeler sales grew 85 per cent in October  Festive season turned out to be an electrifying month for EV two-wheeler manufacturers as retail sales of Electric two-wheelers increased 85 per cent on a YoY (Year on Year) basis to 1,39,031 units in October 2024.  Last year this figure was 75,164 units. The increasing sales of EV vehicles show that the trend is now gradually shifting from petrol vehicles to electric vehicles. A total of 9,54,164 electric two-wheelers were sold in the first 10 months of the calendar year ...
Electric two-wheeler sales grew 85 per cent in October
Electric two-wheeler sales grew 85 per cent in October
Source: IANS
2024-11-03 02:14:20 pm
Add TVS Motor Ltd For Target Rs. 2,600 By Emkay Global Financial Services Strong underlying margins; high valuations limit upside TVSL posted a ~3% miss on consensus EBITDA amid 2% lower ASPs QoQ (due to introduction of the lower-priced E-2W variant as a response to the heavy competition in the industry). Management indicated a healthy 11% industry growth during Navratras (vs 4% in the entire festive so far), and expects improvement during the Dhanteras-Diwali period; Q3 industry growth is seen at ~7-8% YoY, with TVSL’s outperformance expected to continue....
Add TVS Motor Ltd For Target Rs. 2,600 By Emkay Global Financial Services
Add TVS Motor Ltd For Target Rs. 2,600 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-01 10:30:06 am
Neutral TVS Motor Company Ltd For Target Rs. 2610 By Motilal Oswal Financial Services Ltd In-line results; positives appear priced-in Industry growth of 7-8% YoY expected in 3QFY25 * TVS Motor (TVSL) posted an in-line result, with margin at 11.7% (est. 11.1%) despite an adverse mix. On the back of better monsoons and higher reservoir levels, domestic 2W rural demand has been ahead of urban demand in 1HFY25, which is anticipated to sustain in FY25. However, the export outlook continues to be uncertain due to weak demand in Africa. * Management expects the 2W industry to p...
Neutral TVS Motor Company Ltd For Target Rs. 2610 By Motilal Oswal Financial Services Ltd
Neutral TVS Motor Company Ltd For Target Rs. 2610 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-10-25 03:33:19 pm
India`s TVS Motor misses Q2 profit view on higher costs  Indian two-wheeler maker TVS Motor Company reported a lower-than-expected quarterly profit on Wednesday hurt by higher costs, even as demand was stable. 'Jupiter' scooter maker's profit rose 23.5% to 6.63 billion rupees ($78.86 million) in the quarter ended Sept. 30, which missed analysts' estimate of 6.97 billion rupees, per data compiled by LSEG. During the quarter it incurred a 288.8 million rupees expense due to changes in inventories, compared to an income of ...
India`s TVS Motor misses Q2 profit view on higher costs
India`s TVS Motor misses Q2 profit view on higher costs
Source: Reuters
2024-10-23 05:03:29 pm
TVS Motor Company falls despites reporting 20% growth in September sales TVS Motor Company is currently trading at Rs. 2730.25, down by 106.45 points or 3.75% from its previous closing of Rs. 2836.70 on the BSE. The scrip opened at Rs. 2779.95 and has touched a high and low of Rs. 2800.00 and Rs. 2720.00 respectively. So far 16255 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2958.15 on 27-Sep-2024 and a 52 week low of Rs. 1489.30 on 05-Oct-2023. Last one week high and low of the s...
TVS Motor Company falls despites reporting 20% growth in September sales
TVS Motor Company falls despites reporting 20% growth in September sales
Source: Accord Fintech
2024-10-03 02:35:23 pm
TVS Holdings rises on acquiring 100% stake in TVS Digital TVS Holdings is currently trading at Rs. 14424.95, up by 210.60 points or 1.48% from its previous closing of Rs. 14214.35 on the BSE. The scrip opened at Rs. 14322.50 and has touched a high and low of Rs. 14520.00 and Rs. 14308.00 respectively. So far 69 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 14977.75 on 27-Aug-2024 and a 52 week low of Rs. 5100.60 on 10-Oct-2023. Last one week high and low of the scrip...
TVS Holdings rises on acquiring 100% stake in TVS Digital
TVS Holdings rises on acquiring 100% stake in TVS Digital
Source: Accord Fintech
2024-09-17 10:32:08 am
Ola Electric shares continue to slide, lose over 30 pc from all-time high Ola Electric shares continued to slide on Wednesday --- its sixth consecutive session of decline – as its stock lost more than 30 per cent from its recent all-time peak of Rs 157.40 apiece.  The Bhavish Aggarwal-run company’s stock dropped 3 per cent to Rs 110 per share. It was, however, still up 45 per cent from its initial public offering (IPO) price of Rs 76 apiece. Market experts said that the company’s stock is not looking good and can even slip further from ...
Ola Electric shares continue to slide, lose over 30 pc from all-time high
Ola Electric shares continue to slide, lose over 30 pc from all-time high
Source: IANS
2024-09-04 04:33:26 pm
TVS Motor inches up on launching TVS Raider 125 in Sri Lanka TVS Motor Company is currently trading at Rs. 2822.95, up by 10.75 points or 0.38% from its previous closing of Rs. 2812.20 on the BSE. The scrip opened at Rs. 2868.15 and has touched a high and low of Rs. 2868.15 and Rs. 2821.05 respectively. So far 1175 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2,868.15 on 2-Sept-2024 and a 52 week low of Rs. 1,410.05 on 1-Sept-2023. Last one week high and low of the scr...
TVS Motor inches up on launching TVS Raider 125 in Sri Lanka
TVS Motor inches up on launching TVS Raider 125 in Sri Lanka
Source: Accord Fintech
2024-09-02 09:44:06 am
TVS Motor catches speed on launching all new TVS Jupiter 110 TVS Motor Company is currently trading at Rs. 2709.00, up by 78.75 points or 2.99% from its previous closing of Rs. 2630.25 on the BSE. The scrip opened at Rs. 2648.00 and has touched a high and low of Rs. 2714.85 and Rs. 2630.35 respectively. So far 11029 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2714.85 on 22-Aug-2024 and a 52 week low of Rs. 1321.70 on 25-Aug-2023. Last one week high and low of the scri...
TVS Motor catches speed on launching all new TVS Jupiter 110
TVS Motor catches speed on launching all new TVS Jupiter 110
Source: Accord Fintech
2024-08-22 02:20:09 pm
Add TVS Motor Company Ltd For Target Rs. 2,706 By Yes Securities Valuation and View – New launches on cards, Norton unveil by end FY26 TVSL 1QFY25 results were in line operationally as margins continues to be resilient at 11.5% (+90bp YoY/ +20bp QoQ). Gross margin expanded ~320bp YoY (+140bp QoQ) at 28.6% led by favorable mix and sustained cost controls. However, this was offset by higher staff and other expense due to increased variable cost linked to production (Rs600m) and brand/digital exp impact of Rs1.2b. Key operating metrics such as EBITDA...
Add TVS Motor Company Ltd For Target Rs. 2,706 By Yes Securities
Add TVS Motor Company Ltd For Target Rs. 2,706 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 02:03:39 pm
Add TVS Motor Ltd For Target Rs. 2,706 By Yes Securities Margins resilient despite inflated operating exp. Valuation and View – New launches on cards, Norton unveil by end FY26 TVSL 1QFY25 results were in line operationally as margins continues to be resilient at 11.5% (+90bp YoY/ +20bp QoQ). Gross margin expanded ~320bp YoY (+140bp QoQ) at 28.6% led by favorable mix and sustained cost controls. However, this was offset by higher staff and other expense due to increased variable cost linked to production (Rs600m) and brand/digital exp i...
Add TVS Motor Ltd For Target Rs. 2,706 By Yes Securities
Add TVS Motor Ltd For Target Rs. 2,706 By Yes Securities
Source: Yes Securities Ltd
2024-08-14 05:02:40 pm
India to surpass China to become world’s largest 2-wheeler market in 2024 India is projected to surpass China this year to become the world’s largest two-wheeler (2W) market, a report said on Friday. The robust economic growth, consumer preference for 2Ws for short-distance commutes, and increasing 2W demand in the shared mobility space will help India overtake China, according to Counterpoint Research.  The electric E2W market is growing at a rapid clip, with 2024 sales penetration expected to be 1.5 times that of four-wheeler passenger EVs. The t...
India to surpass China to become world’s largest 2-wheeler market in 2024
India to surpass China to become world’s largest 2-wheeler market in 2024
Source: IANS
2024-08-09 12:45:10 pm
Buy TVS Motors Ltd For Target Rs. 2,680 By Choice Broking Ltd In Q1FY25, TVS Motors registered in line performance on Revenue/EBIDTA/PAT front (VAR is +/-1%). Revenue under the quarter review improved by 16% YoY basis to Rs.83.75bn (vs est. Rs.84.4bn) supported by 1.7% YoY increase in ASP and 14.1% YoY volume growth. Operating profit jumped by 25.7% YoY to Rs.9.6bn vs est. of Rs.9.5bn and EBIDTA margin for the quarter expanded by 88 bps YoY/ 13bps QoQ to 11.5% vs est of 11.3%. Effort on reduction in RM to sales is commendable, despite increase in other ...
Buy TVS Motors Ltd For Target Rs. 2,680 By Choice Broking Ltd
Buy TVS Motors Ltd For Target Rs. 2,680 By Choice Broking Ltd
Source: Choice Broking
2024-08-07 12:53:01 pm
TVS Motor Company shines as its consolidated net profit rises 10% in Q1FY25 TVS Motor Company is currently trading at Rs. 2572.00, up by 77.05 points or 3.09% from its previous closing of Rs. 2494.95 on the BSE. The scrip opened at Rs. 2525.05 and has touched a high and low of Rs. 2620.20 and Rs. 2525.05 respectively. So far 38869 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2620.20 on 07-Aug-2024 and a 52 week low of Rs. 1317.10 on 09-Aug-2023. Last one week high and low of the scri...
TVS Motor Company shines as its consolidated net profit rises 10% in Q1FY25
TVS Motor Company shines as its consolidated net profit rises 10% in Q1FY25
Source: Accord Fintech
2024-08-07 12:04:41 pm
India's TVS Motor beats Q1 profit view on strong demand, margins Indian two-wheeler maker TVS Motor Company reported a better-than-expected first-quarter profit on Tuesday, led by firm demand for its two-wheelers and strong margins. The company, which makes the Jupiter brand of scooters and the Apache line of motorcycles, said its profit rose 23.5% to 5.77 billion rupees ($68.77 million) in the quarter ended June 30 from a year earlier. Analysts had expected 5.68 billion rupees, according to LSEG data. TVS Motor's earnings before interest, tax...
India's TVS Motor beats Q1 profit view on strong demand, margins
India's TVS Motor beats Q1 profit view on strong demand, margins
Source: Reuters
2024-08-06 05:04:18 pm
TVS Motor catches speed on launching 2024 TVS Apache RTR 160 racing edition TVS Motor Company is currently trading at Rs. 2474.30, up by 36.55 points or 1.50% from its previous closing of Rs. 2437.75 on the BSE. The scrip opened at Rs. 2442.70 and has touched a high and low of Rs. 2490.60 and Rs. 2442.70 respectively. So far 15998 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2524.95 on 18-Jun-2024 and a 52 week low of Rs. 1295.05 on 24-Jul-2023. Last one week high and low of the scri...
TVS Motor catches speed on launching 2024 TVS Apache RTR 160 racing edition
TVS Motor catches speed on launching 2024 TVS Apache RTR 160 racing edition
Source: Accord Fintech
2024-07-11 04:00:47 pm
TVS Motor Company gains on reporting 5% growth in June sales TVS Motor Company is currently trading at Rs. 2363.55, up by 9.10 points or 0.39% from its previous closing of Rs. 2354.45 on the BSE. The scrip opened at Rs. 2355.00 and has touched a high and low of Rs. 2369.20 and Rs. 2316.00 respectively. So far 6597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2524.95 on 18-Jun-2024 and a 52 week low of Rs. 1294.00 on 05-Jul-2023. Last one week high and low of the scrip ...
TVS Motor Company gains on reporting 5% growth in June sales
TVS Motor Company gains on reporting 5% growth in June sales
Source: Accord Fintech
2024-07-02 12:17:40 pm
BUY TVS Motor Company Ltd. For Target Rs. 2,100 - JM Financial Services Steady show; credible EV strategy at play In 4QFY24, TVS Motor (TVSL) reported EBITDA margin of 11.3% (+100bps YoY, +10bps QoQ), in-line with JMFe led by cost reduction efforts. Domestic 2W demand, so far, is led by urban market and there are early signs of revival in the rural segment. Demand in the international markets has also started to recover. With respect to EVs, TVSL plans to ramp-up EV business by introducing new products and expanding dealer network going ahead. Overall, we expe...
BUY TVS Motor Company Ltd. For Target Rs. 2,100 - JM Financial Services
BUY TVS Motor Company Ltd. For Target Rs. 2,100 - JM Financial Services
Source: JM Financial Services
2024-06-30 06:17:27 pm
BUY TVS Motor Ltd. For Target Rs. 2,250 - Emkay Global Financial Services Healthy performance; steady outlook TVSL’s Q4 performance was characterized by sustained >11% margins with Volumes/Revenues/EBITDA/PAT growing ~22%/24%/36%/18% YoY. The domestic 2W industry growth continues apace, with rural recovery expected this yea,r aided by positive macros. TVSL continues to improve its positioning across categories in FY24; market-share gains in the fast-growing 125cc motorcycle category/scooters/exports stood at 610/90/60bps to ~15%/~25%/25.7%, respectively...
BUY TVS Motor Ltd. For Target Rs. 2,250 - Emkay Global Financial Services
BUY TVS Motor Ltd. For Target Rs. 2,250 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 05:52:31 pm
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers India equity benchmarks opened in red on Monday as heavyweights like IndusInd bank, Tata Steel, SBI, and JSW Steel are top losers. At 9:41 am, Sensex was down 430 points or 0.56 per cent, 76,779, and Nifty was down 134 points or 0.57 per cent, 23,366. Overall sentiment in the market is negative. On NSE, Out of total stocks 1,492 shares are in the red and 716 in the green. There is also a decline in small and medium stocks. The Nifty Midcap 100 index fell 428 points or 0.76 per cent t...
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers
Source: IANS
2024-06-24 10:48:31 am
TVS Motor Company inches up on signing agreement with CSC Grameen eStores TVS Motor Company is currently trading at Rs. 2443.45, up by 9.30 points or 0.38% from its previous closing of Rs. 2434.15 on the BSE. The scrip opened at Rs. 2433.00 and has touched a high and low of Rs. 2458.80 and Rs. 2428.20 respectively. So far 1600 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2524.95 on 18-Jun-2024 and a 52 week low of Rs. 1288.85 on 26-Jun-2023. Last one week high and low of the scrip ...
TVS Motor Company inches up on signing agreement with CSC Grameen eStores
TVS Motor Company inches up on signing agreement with CSC Grameen eStores
Source: Accord Fintech
2024-06-24 10:37:31 am
Neutral TVS Motor Company Ltd. For Target Rs. 1,930 - Motilal Oswal Financial Services Operationally in line; MTM loss drives PAT miss FY25 likely to be an exciting launch year for TVSL * TVS Motor (TVSL) posted an operationally in-line performance in 4QFY24. It was yet another quarter, where TVSL recorded the highest-ever EBITDA margin of 11.3% (est. 11.2%). We believe TVSL is well placed to outperform the 2W industry, led by new product launches. * However, we believe strong earnings growth, driven by recovery in underlying segments and margin improvement, is fairly ...
Neutral TVS Motor Company Ltd. For Target Rs. 1,930 - Motilal Oswal Financial Services
Neutral TVS Motor Company Ltd. For Target Rs. 1,930 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-21 11:45:33 am
TVS Motor Company gains as its arm unveils TVS iQube electric scooter in Indonesia TVS Motor Company is currently trading at Rs. 2438.25, up by 17.30 points or 0.71% from its previous closing of Rs. 2420.95 on the BSE. The scrip opened at Rs. 2421.05 and has touched a high and low of Rs. 2444.80 and Rs. 2420.00 respectively. So far 8507 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2454.95 on 12-Jun-2024 and a 52 week low of Rs. 1288.85 on 26-Jun-2023. Last one week high and low of the scrip...
TVS Motor Company gains as its arm unveils TVS iQube electric scooter in Indonesia
TVS Motor Company gains as its arm unveils TVS iQube electric scooter in Indonesia
Source: Accord Fintech
2024-06-13 12:07:54 pm
TVS Motor Company trades higher on reporting 12% growth in May sales TVS Motor Company is currently trading at Rs. 2247.90, up by 69.10 points or 3.17% from its previous closing of Rs. 2178.80 on the BSE. The scrip opened at Rs. 2259.80 and has touched a high and low of Rs. 2259.80 and Rs. 2209.65 respectively. So far 8861 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1,284.15 on 02-Jun-2023. Last one week high and low of the scri...
TVS Motor Company trades higher on reporting 12% growth in May sales
TVS Motor Company trades higher on reporting 12% growth in May sales
Source: Accord Fintech
2024-06-03 12:10:08 pm
TVS Motor Company jumps on launching new variant of TVS iQube with 2.2 kWh battery TVS Motor Company is currently trading at Rs. 2116.35, up by 48.45 points or 2.34% from its previous closing of Rs. 2067.90 on the BSE. The scrip opened at Rs. 2075.85 and has touched a high and low of Rs. 2125.25 and Rs. 2066.90 respectively. So far 115294 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1214.50 on 18-May-2023. Last one week high and low of the scr...
TVS Motor Company jumps on launching new variant of TVS iQube with 2.2 kWh battery
TVS Motor Company jumps on launching new variant of TVS iQube with 2.2 kWh battery
Source: Accord Fintech
2024-05-14 11:57:59 am
Mother's day pick TVS MOTORS by Choice Broking TVS Motor is presently trading at 2070 and has recently reversed fromsupport with significant volume, suggesting a potential reversal and a robust bullish trend. A breakout above 2100 could drive the stock towards the Rs. 2310 & Rs. 2390 levels, with immediate resistance at Rs. 2200. On the downside, Rs. 2000 & Rs.1900 stand as critical support levels. Moreover, following a prolonged correction, the stock has reversed from the support level. The Relative Strength Index (RSI) is curre...
Mother's day pick TVS MOTORS by Choice Broking
Mother's day pick TVS MOTORS by Choice Broking
Source: Choice Broking
2024-05-10 02:16:55 pm
Buy TVS Motor Company Ltd. For Target Rs.2,265 By Geojit Financial Services Ltd Favourable mix to support growth * TVS Motors (TVS) is the third largest two-wheeler manufacturer in India, with a domestic market share of 17.9% in FY24.  * Q4FY24 revenue grew by 24% YoY on the back of strong volume growth, superior product mix and better realization . * The margin came in line with our estimate, up 105bps, supported by softening raw material prices and cost control initiatives. * TVS continued to outperform its peers in Q4 and gained market share. To stren...
Buy TVS Motor Company Ltd. For Target Rs.2,265 By Geojit Financial Services Ltd
Buy TVS Motor Company Ltd. For Target Rs.2,265 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-05-10 01:52:03 pm
Buy TVS Motor Ltd. For Target Rs.2136 By Choice Broking Ltd TVS Motors during the quarter registered a largely in line performance on revenue and margin front whereas misses in profit front due to negative one off other income. Revenue under the quarter review improved by 23.7% YoY basis to Rs.81.68bn (vs est. Rs.80.4bn) supported by 1.1% YoY increase in ASP and 22.4% YoY volume growth. Operating profit jumped by 36% YoY to Rs.9.26bn vs est. of Rs.9.12bn and EBIDTA margin for the quarter expanded by 105 bps YoY/ 13bps QoQ to 11.3% vs es...
Buy TVS Motor Ltd. For Target Rs.2136 By Choice Broking Ltd
Buy TVS Motor Ltd. For Target Rs.2136 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-05-10 11:14:09 am
TVS Motor Company rides high on reporting 23% rise in Q4 consolidated net profit TVS Motor Company is currently trading at Rs. 2080.45, up by 74.30 points or 3.70% from its previous closing of Rs. 2006.15 on the BSE. The scrip opened at Rs. 2024.00 and has touched a high and low of Rs. 2121.30 and Rs. 2024.00 respectively. So far 154153 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1214.50 on 18-May-2023. Last one week high and low of the scr...
TVS Motor Company rides high on reporting 23% rise in Q4 consolidated net profit
TVS Motor Company rides high on reporting 23% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-05-09 11:33:56 am
TVS Motor Company moves up on reporting 25% growth in April sales TVS Motor Company is currently trading at Rs. 2081.25, up by 19.25 points or 0.93% from its previous closing of Rs. 2062.00 on the BSE. The scrip opened at Rs. 2105.00 and has touched a high and low of Rs. 2116.95 and Rs. 2074.70 respectively. So far 15324 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1138.55 on 02-May-2023. Last one week high and low of the scri...
TVS Motor Company moves up on reporting 25% growth in April sales
TVS Motor Company moves up on reporting 25% growth in April sales
Source: Accord Fintech
2024-05-02 10:20:20 am
India`s Ola Electric cuts cheapest e-scooter prices by as much as 12.5% Ola Electric, India's largest electric scooter maker, reduced the price of its cheapest variant by 12.5%, it said on Monday, as the loss-making company tries to boost sales after the government reduced subsidies. Ola [OLAE.NS] cut the price of the cheapest variant of its S1X model to 69,999 rupees (about $839), from 79,999 rupees, said Anshul Khandelwal, the company's marketing chief. The prices of other S1X variants were cut between 5.6% and 9.1%. The SoftBank Group-backed comp...
India`s Ola Electric cuts cheapest e-scooter prices by as much as 12.5%
India`s Ola Electric cuts cheapest e-scooter prices by as much as 12.5%
Source: Reuters
2024-04-15 05:14:33 pm
EV firm Ultraviolette unveils industry-1st coverage up to 8 lakh kms for F77 e-bike Global EV company Ultraviolette Automotive on Tuesday announced an industry-leading battery and drivetrain warranty structure for its flagship electric motorcycle called F77 that offers coverage spanning up to 800,000 kms. The new warranty initiative includes three packages -- UV Care, UV Care+ and UV Care Max. While the km coverage on UV Care and UV Care+ has been doubled, the UV Care Max now offers eight times more km limit for F77 e-bike, the company said in a statement. “Th...
EV firm Ultraviolette unveils industry-1st coverage up to 8 lakh kms for F77 e-bike
EV firm Ultraviolette unveils industry-1st coverage up to 8 lakh kms for F77 e-bike
Source: IANS
2024-04-09 02:43:03 pm
Neutral TVS Motor Company Ltd. For Target Rs.1,880 By Motilal Oswal Financial Service Both domestic and export demand seeing gradual improvement TVS Motor (TVSL) posted an operationally in-line performance in 3QFY24. The company posted its highest-ever EBITDA margin at 11.2% (+1,10bp QoQ). We believe TVSL is well placed to outperform the 2W industry, led by its multiple successful products in key categories, expansion in global geographies, and success in EVs. However, we believe strong earnings growth driven by recovery in underlying segments and margin improvement is f...
Neutral TVS Motor Company Ltd. For Target Rs.1,880 By Motilal Oswal Financial Service
Neutral TVS Motor Company Ltd. For Target Rs.1,880 By Motilal Oswal Financial Service
Source: Motilal Oswal Financial Services Ltd
2024-04-09 10:48:49 am
India must keep e-scooter subsidies to boost adoption, Ather CEO says India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial to India hitting its goal of electrifying 70% of its two-wheeler fleet by 2030, as the world's third-largest importer of oil looks to reduce dependence on fossil fuels. "We've been able to cut down a lot of subsidy r...
India must keep e-scooter subsidies to boost adoption, Ather CEO says
India must keep e-scooter subsidies to boost adoption, Ather CEO says
Source: Reuters
2024-04-08 09:32:30 am
Add TVS Motor Co Ltd. For Target Rs.2,193 By Yes Securities Valuation and View - Market share gains to persist TVSL 3QFY24 results were mixed given revenue/Adj.PAT came in line while EBITDA missed our estimates by ~5% led by higher ad-spends due to festive. Gross margin expanded ~180bp YoY (+30bp QoQ) at 26.3% led by benign RM. Key operating metrics such as EBITDA/vehicle increased further to Rs8.4k/unit (+12.1% YoY/ +0.3% QoQ). Going ahead, margin expansion to continue given soft RM and favorable mix. With iQube production run-rate ramped up to ~2...
Add TVS Motor Co Ltd. For Target Rs.2,193 By Yes Securities
Add TVS Motor Co Ltd. For Target Rs.2,193 By Yes Securities
Source: Yes Securities Ltd.
2024-04-05 11:52:26 am
Neutral TVS Motor Ltd. For Target Rs.1880 By Motilal Oswal Financial Services Both domestic and export demand seeing gradual improvement -      TVS Motor (TVSL) posted an operationally in-line performance in 3QFY24. The company posted its highest-ever EBITDA margin at 11.2% (+1,10bp QoQ). We believe TVSL is well placed to outperform the 2W industry, led by its multiple successful products in key categories, expansion in global geographies, and success in EVs. -      However, we believe strong earnin...
Neutral TVS Motor Ltd. For Target Rs.1880 By Motilal Oswal Financial Services
Neutral TVS Motor Ltd. For Target Rs.1880 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-03 11:55:42 am
TVS Motor Company moves up on reporting 12% growth in March sales TVS Motor Company is currently trading at Rs. 2143.45, up by 3.35 points or 0.16% from its previous closing of Rs. 2140.10 on the BSE. The scrip opened at Rs. 2160.40 and has touched a high and low of Rs. 2161.75 and Rs. 2118.00 respectively. So far 21911 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1075.00 on 03-Apr-2023. Last one week high and low of the scrip...
TVS Motor Company moves up on reporting 12% growth in March sales
TVS Motor Company moves up on reporting 12% growth in March sales
Source: Accord Fintech
2024-04-02 12:08:09 pm
Buy TVS Motor Ltd. For Target Rs.2,100 By JM Financial Institutional Securities Steady show; credible EV strategy at play In 3QFY24, TVS Motor (TVSL) reported EBITDA margin of 11.2% (+110bps YoY, +20bps QoQ), broadly in-line with JMFe led by cost reduction efforts. Domestic 2W demand, so far, is led by urban regions and there are early signs of revival in the rural demand. Affordability and currency related challenges in the international markets have largely bottomed out. With respect to EVs, TVSL plans to ramp-up EV business by introducing new products and expanding...
Buy TVS Motor Ltd. For Target Rs.2,100 By JM Financial Institutional Securities
Buy TVS Motor Ltd. For Target Rs.2,100 By JM Financial Institutional Securities
Source: JM Financial Services
2024-03-30 10:14:47 am
TVS Motor Company rises as its arm completes further acquisition in Killwatt GmbH TVS Motor Company is currently trading at Rs. 2053.05, up by 19.00 points or 0.93% from its previous closing of Rs. 2034.05 on the BSE. The scrip opened at Rs. 2084.40 and has touched a high and low of Rs. 2085.55 and Rs. 2040.60 respectively. So far 4742 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1022.60 on 29-Mar-2023. Last one week high and low of the scrip...
TVS Motor Company rises as its arm completes further acquisition in Killwatt GmbH
TVS Motor Company rises as its arm completes further acquisition in Killwatt GmbH
Source: Accord Fintech
2024-03-21 10:15:02 am
TVS Motor Company trades higher on the BSE TVS Motor Company is currently trading at Rs. 2277.30, up by 17.25 points or 0.76% from its previous closing of Rs. 2260.05 on the BSE. The scrip opened at Rs. 2292.65 and has touched a high and low of Rs. 2303.00 and Rs. 2256.25 respectively. So far 10228 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1019.90 on 20-Mar-2023. Last one week high and low of the scri...
TVS Motor Company trades higher on the BSE
TVS Motor Company trades higher on the BSE
Source: Accord Fintech
2024-03-11 12:24:44 pm
TVS Motor Company surges on subscribing 28.57% stake in IFQM TVS Motor Company is currently trading at Rs. 2157.00, up by 64.20 points or 3.07% from its previous closing of Rs. 2092.80 on the BSE. The scrip opened at Rs. 2117.85 and has touched a high and low of Rs. 2163.90 and Rs. 2102.95 respectively. So far 7020 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2,163.90 on 16-Feb-2024 and a 52 week low of Rs. 1019.90 on 20-Mar-2023. Last one week high and low of the scri...
TVS Motor Company surges on subscribing 28.57% stake in IFQM
TVS Motor Company surges on subscribing 28.57% stake in IFQM
Source: Accord Fintech
2024-02-16 09:51:29 am
IPO-bound Ola Electric gets certification for 2nd e-scooter under government`s PLI scheme Bhavish Aggarwal-led Ola Electric has received certification for its S1 Pro (Gen-2) electric scooter under the government’s production-linked incentive (PLI) scheme for the automobile and auto component industry. Sources told IANS on Saturday that the IPO-bound company had applied for the PLI certification for S1 Pro in October and received the certification this week. The company’s Ola S1 Pro and Ola S1 Air are now eligible for subsidies under the government’s auto PL...
IPO-bound Ola Electric gets certification for 2nd e-scooter under government`s PLI scheme
IPO-bound Ola Electric gets certification for 2nd e-scooter under government`s PLI scheme
Source: IANS
2024-02-10 04:17:13 pm
LG Energy plans to sell batteries to more EV car makers in India South Korea's LG Energy Solution, the biggest supplier of battery cells to electric scooter makers in India, plans to grow its presence in the country's passenger vehicle market, the company said in a statement on Thursday. LG Energy, which globally supplies batteries to car makers like Tesla and Hyundai, said it is "proactively seeking partnerships" with domestic EV makers as it looks to grow its business in one of the world's fastest-growing car markets. The company...
LG Energy plans to sell batteries to more EV car makers in India
LG Energy plans to sell batteries to more EV car makers in India
Source: Reuters
2024-02-08 12:58:47 pm
Buy TVS Motor Company Ltd for Target Rs. 2,272 - Geojit Financial Services Ltd Superior product mix to support valuation. TVS Motors (TVS) is the third largest two-wheeler manufacturer in India, with a domestic market share of 17.6% in FY23. • Despite flat volume growth, Q3FY24 revenue grew by 26% YoY on the back of superior product mix, forex realization, and price hikes. • The margin came in line with our estimate, supported by softening raw material prices and cost control initiatives. • TVS continued to outperform its peers in Q3 and gaine...
Buy TVS Motor Company Ltd for Target Rs. 2,272 - Geojit Financial Services Ltd
Buy TVS Motor Company Ltd for Target Rs. 2,272 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-02-05 11:14:16 am