YES Securities has a buy call on TVS Motor Company with a target price of Rs 605.The current market price of TVS Motor Company is Rs 569.40.Time period given bythe brokerage is two weeks when TVS Motor Company price can reach the defined target.
YES Securities recommended keeping a stop loss at Rs 548."Stock has broken out from a W pattern triggering resumption of the bull trend.
Further, stock is up on good volumes indicating higher levels in the coming trading sessions.
Therefore, a BUY recommendation," YES Securities said in a report.
TVS Motor Company key Products/Revenue Segments include Automobile - 2 3 Wheelers which contributed Rs 12,932.96 Crore to Sales Value (98.05 per cent of Total Sales), Other Operating Revenue which contributed Rs 126.24 Crore to Sales Value (0.95 per cent of Total Sales), Raw Materials which contributed Rs 107.17 Crore to Sales Value (0.81 per cent of Total Sales), Sale of services which contributed Rs 23.69 Crore to Sales Value (0.17 per cent of Total Sales)for the year ending 31-Mar-2017.