Neutral on TVS Motor, target price Rs 445: Motilal Oswal

Motilal Oswal Financial Services has neutral call on TVS Motor Company Ltd. with a target price of Rs 445. The current market price of TVS Motor Company Ltd. is Rs 500.8 .

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 23885.00 Crore) operating in Auto sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 5254.36 Crore, up 170.89 % from last quarter Sales of Rs 1939.65 Crore and up 5.93 % from last year same quarter Sales of Rs 4960.27 Crore Company reported net profit after tax of Rs 184.19 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 57.39 per cent stake in the company as of March 31, 2020, while FIIs held 11.37 per cent, DIIs 21.01 per cent and public and others 10.04 per cent.