BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Nirmal Bang maintains sell on TVS Motor
TVS Motor's Q4 earnings were weaker than expectation on lower margins. EBITDA margin miss for the company came at a time when gross margin was strong at 29.8 per cent, up 140 basis points sequentially. See limited room for margins to expand in the immediate future.