TVS Motor Company Ltd up by 5.06% | Espresso Market Updates


Espresso Shot of the Day - TVS Motor Company Ltd up by 5.06 percent

October 18, 2022
Espresso Shot of the Day - TVS Motor Company Ltd up by 5.06 percent

TVS MOTOR COMPANY LTD 1129.60 (+5.06%) BSE – INE494B01023| 18th October 2022

TVS Motor Company is a reputed manufacturer of two and three-wheeler globally, championing progress through Mobility with a focus on sustainability. The Company was started in 1979 as the flagship brand of TVS Group, which was founded by T.V. Sundaram lyengar. Under the persistence and diligent leadership of the Chairman Emeritus, Venu Srinivasan, the company has become the largest member of the TVS Group in terms of size and turnover. Prof Sir Ralf Dieter Speth, Chairman, TVS Motor Company and Sudarshan Venu, Managing Director, TVS Motor Company are forging a bright path for the future of the company. Today, TVS Motor is present in 80+ countries and has over 50 million happy customers in India. The company also has a strong socially responsible focus and supports the Srinivasan Services Trust to carry out numerous sustainable initiatives to positively contribute to the lives of communities across regions.

Recent Drivers

  • On October 18, 2022, Shares of TVS Motor Company hit a new high on expectation of strong earnings growth, led by a recovery in domestic two-wheeler volumes. Analysts expect TVS Motor to post double-digit volume growth in FY23E and make market-share gains in both, the domestic and overseas markets.
  • TVS Motor Company, on October 12, 2022, overtook Hero Motocorp in terms of market value to become the sixth-largest automobile company on market capitalization.
  • TVS Motor’s total sales rose by 9% in September 2022 with sales of 379,011 units as against 347,156 units in the month of September 2021.
  • TVS Motor Company sorted out the semiconductor chip shortage issue by tapping an alternative source, said a top official on September 21,2022. Asserting that the semiconductor companies have come forward to help them, he said this will lead to selling 10,000 units of electric vehicle TVS IQube every month.
  • On July 28,2022, the company reported a quarterly net profit of Rs. 7,315.70 crores in June 2022, up 56.01% from the Rs.4,689.34 crores in June 2021.
  • On July 28,2022, the company reported net sales of Rs. 305.37 crores in June 2022, up 2994.5% from the Rs. 10.55 crores in June 2021.

(Sources: BSE, Money control, Business Standard, BQ Prime)

Technical Force*

  • S&P BSE 200 month till date gain by 1.63%.
  • 3 months avg. NSE volume: 1,649,360
  • Quantity traded: 1,19,725| Deliverable quantity: 39,398 (32.91%).
  • Stock price jumped by more than 110 % from a one-year low level: 513.00 (March 07, 2022)
  • Daily RSI (14) is near oversold territory today.
  • 52-week-high: 1135.00| 52-week-low: 513.00.

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Some Key Ratios (Source: BSE)

Market Cap:  53,665.84 Crores

PE:  46.23

OPM%: 10.35

ROE%:  24.08

Promoters holding%: 50.81

Prev. Close:  1075.15

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.