BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
CLSA initiates TVS Motor Company with sell
Volume growth to decelerate over 2-3 years. Margins to remain supressed despite higher volumes. Stock price has risen sharply in last one and half years. Valuations are rich at 21 times FY17 estimated profits.