TVS Motor Share Price Falls For Second Day After Brokerages Maintain Underperform; Nifty Results Today

Gold Silver Reports (GSR) – TVS Motor Falls For Second Day After Brokerages Maintain Underperform – Shares of the Chennai-based two-wheeler maker fell as much as 4.49 percent to Rs 583.85 after brokerages maintained ‘underperform’ rating on the stock after it missed earnings estimates in March quarter.

Credit Suisse

📌 Maintained ‘Underperform’; cut price target to Rs 490 from Rs 510.

📌 Good execution on products, but double-digit margins seem to be a pipe dream.

📌 Management now refused to give any guidance on achieving double-digit margins.

📌 Raw Materials, competition key headwinds in near term.
Macquarie

📌 Maintained ‘Underperform’; cut price target to Rs 540 from Rs 575.

📌 Margin improvement remains elusive.

📌 Think the valuation for TVSL is expensive at 25 times FY20E PER.


Nifty Results Today

📌 Bajaj Finance

📌 Bajaj Finserv

📌 Other Results

📌 Alembic

📌 Balkrishna Industries

📌 Central Bank of India

📌 Coffee Day Enterprises

📌 Escorts

📌 JK Tyre & Industries

📌 Kei Industries

📌 Mcdowell Holdings

📌 SRF

📌 Taj GVK Hotels & Resorts

📌 Voltas

📌 Wabco India

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment