TVS Motor jumps 3% when Q2 results

Share costs of TVS Motor Company was commercialism higher by over three p.c intraday on October eighteen when the corporate denote higher numbers for the quarter resulted in Sept.

The company has according twenty p.c jump in its Q2FY20 standalone earnings at Rs 255 large integer against Rs 211.31 within the same quarter in 2018. The revenue of the corporate was down thirteen p.c at Rs four,347.8 large integer versus Rs four,993.47 crore.

Meanwhile, earnings before interest, tax, depreciation and amortization (EBITDA) was down ten.8 p.c at Rs 382 large integer versus Rs 428.1 crore.

The stock has gained over seventeen p.c within the last 3 days and has witnessed spurt in volumes by quite one.38 times.

However, world brokerages have a distinct read on the stock despite the corporate posting higher numbers. To avail Free Trading Tips go to our official site.

Nomura: Rating - scale back

The global analysis firm contains a scale back rating on the stock and has raised the target to Rs 375 from Rs 358 per share. it's of the read that Sept quarter numbers were a beat however the outlook is weak, adding that volumes area unit seemingly to stay fraught over FY20-21.

Normura feels that TVS Motor's valuations area unit overpriced at current levels whereas margin estimates exaggerated by fifty rate to nine.1 /8.4 p.c for FY20/21. The firm has, however, raised EPS estimates by three.7/ 6.6 p.c for FY20/21.

CLSA: Rating - Sell

CLSA contains a sell turn TVS Motor and has raised target to Rs 380 from Rs 360 per share. it's the read that 27x FY21 letter of the alphabet is just too overpriced amid weak demand and large value push. The margin is flattish YoY despite lower volumes and slightly higher than estimates.

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