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Sell TVS Motor, price target Rs 418: Dharmesh Shah

The analyst suggested a stoploss at Rs 454.

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Last Updated: Dec 10, 2019, 09.35 AM IST|Original: Dec 10, 2019, 09.16 AM IST
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TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 20918.09 Crore) operating in Auto sector.
Dharmesh Shah of ICICI Direct has a sell call on TVS Motor Company Ltd. with a target price of Rs 418.0 . The current price of TVS Motor Company Ltd. is Rs 440.3 . Dharmesh Shah recommended to keep a stoploss at Rs 454 .

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 20918.09 Crore) operating in Auto sector.

TVS Motor Company Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers which contributed Rs 16158.15 Crore to Sales Value (88.73 % of Total Sales), Accessories & Spares which contributed Rs 1720.97 Crore to Sales Value (9.45 % of Total Sales), Other Operating Revenue which contributed Rs 297.41 Crore to Sales Value (1.63 % of Total Sales), I T Services which contributed Rs 16.72 Crore to Sales Value (0.09 % of Total Sales), Royalty Income which contributed Rs 16.67 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 4960.27 Crore, down -1.16 % from last quarter Sales of Rs 5018.34 Crore and down -9.27 % from last year same quarter Sales of Rs 5466.94 Crore Company has reported net profit after tax of Rs 259.62 Crore in latest quarter.

The company’s top management includes Dr.Lakshmi Venu, Mr.C R Dua, Mr.H Lakshmanan, Mr.Hemant Krishan Singh, Mr.K N Radhakrishnan, Mr.Prince Asirvatham, Mr.R Gopalan, Mr.Rajesh Narasimhan, Mr.Sudarshan Venu, Mr.T Kannan, Mr.Venu Srinivasan, Mrs.Lalita D Gupte. Company has V Sankar Aiyar & Co. as its auditoRs As on 30-09-2019, the company has a total of 475,087,114 shares outstanding.

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