TVS Motor: Weak Quarter; Maintain Hold
We continue to maintain our HOLD rating with a revised target price of Rs 570 (from Rs 600 earlier) valuing the company at 22x FY23EPS.
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TVS Motor: Weak Quarter Impacted by the Pandemic
Commodity cost impact and margins: The commodity cost impact in 1QFY22 was offset by a favorable product mix, cost-saving initiatives, and product...
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In-line op. performance; credible cost management
Net sales grew 175% YoY (-26% QoQ) to INR39.3b (v/s est. INR37.9b) as realizations grew 11.5% YoY (+4% QoQ) to INR59.8k (v/s est. INR57.7k). Gross...
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