{"id":81720,"date":"2023-01-06T12:07:00","date_gmt":"2023-01-06T06:37:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=81720"},"modified":"2023-01-06T12:04:31","modified_gmt":"2023-01-06T06:34:31","slug":"stock-to-buy-blue-chip-auto-stock-gets-a-buy-call-with-an-upside-of-more-than-50","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-to-buy-blue-chip-auto-stock-gets-a-buy-call-with-an-upside-of-more-than-50\/","title":{"rendered":"Stock to BUY: Blue Chip auto stock gets a Buy call with an upside of more than 50%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3975850532\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the third largest two-wheeler manufacturing company in India, TVS Motor Company Limited declined marginally on Friday\u2019s trading session and were trading at Rs 1,020 levels. In the past year, the stock has rallied and gained approximately 58 percent in the period.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2256808260\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TVSMOTOR\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">TVS Motor Company<\/a><\/strong> is a reputed automobile company engaged in the production of two-wheelers and three-wheelers in India. The company also has footprints globally, including geographies like the Middle East, Africa, SE Asia, the Indian subcontinent, and Latin &amp; Central America.\u00a0<\/p><p>The company has also ventured into the Electric Vehicle segment and acquired a 19% market share in the high-speed electric scooter segment in FY 21-22. In December 2022, the company was able to sell 11,071 units and became the second-highest seller.&nbsp;<\/p><p>In Q2FY23, the company reported a total revenue of Rs 8,560.76 Crore which increased 32 percent Year on Year from Rs 6,483.42 Crore and 17 percent Quarter on Quarter from Rs 7,315.7 Crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3781216031\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In the period their net profit stood at Rs 389.1 Crore, representing a 67 percent Year on Year growth from Rs 232.82 Crore. On a sequential basis, their profits grew by 27 percent from Rs 306.31 Crore.&nbsp;<\/p><p><strong>Global Brokerage firm Jefferies is bullish on the stock and has a \u2018Buy\u2019 rating with a target price of Rs 1,550 per share which means an upside of 52 percent from the current levels.&nbsp;<\/strong><\/p><p>\u201cMost stocks are trading near or below their respective last 10- year average PE on our FY24 estimates; we find this attractive in the context of a strong earning cycle. We believe that strong volume growth, coupled with healthy margin expansion, will drive double-digit earnings CAGR for most of our covered OEMs over the next 2-3 years,\u201d the brokerage firm said.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-149614547\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the third largest two-wheeler manufacturing company in India, TVS Motor Company Limited declined marginally on Friday\u2019s trading session and were trading at Rs 1,020 levels. In the past year, the stock has rallied and gained approximately 58 percent in the period.\u00a0 TVS Motor Company is a reputed automobile company engaged in the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[1237,990,4049,2917,5424,3449,2854,3829,4452,5423,948,936,3153,4178,5374,4183,3157,3158,5373,2597,3830],"class_list":["post-81720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-auto-industry","tag-auto-sector-news","tag-auto-stock-to-watch","tag-auto-stocks","tag-auto-stocks-2023","tag-auto-stocks-to-buy","tag-blue-chip-stock","tag-blue-chip-stocks","tag-blue-chip-stocks-to-buy","tag-jefferies-gives-buy-call","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-buy-in-2023","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stock-to-watch-in-2023","tag-stocks-to-watch","tag-top-blue-chip-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock to BUY: Blue Chip auto stock gets a Buy call with an upside of more than 50% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of the third largest two-wheeler manufacturing company in India, TVS Motor Company Limited declined marginally on Friday\u2019s trading session and were trading at Rs 1,020 levels. 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