BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains hold on TVS Motor
TVS Motor's Q4 earnings were below expectation. EBITDA margins were disappointing at 6.3 per cent on higher ad spends. We believe TVS Motor shares fully price in the high volume/margins and potential benefits from the BMW-TVS tie-up.