BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Macquarie downgrades TVS Motor Company to neutral
Macquarie has downgraded TVS Motor to "neutral" from "outperform" earlier with a target price of Rs 330. Honda turning aggressive in scooter market, which is a risk to TVS Motor. Marketing spends of the company will be at higher levels. Risk-reward is balanced after recent run-up.