{"id":85699,"date":"2023-01-25T14:40:00","date_gmt":"2023-01-25T09:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=85699"},"modified":"2023-01-25T14:30:36","modified_gmt":"2023-01-25T09:00:36","slug":"auto-stock-to-buy-now-for-an-upside-of-51-after-ev-sales-grow-1350-yoy-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-stock-to-buy-now-for-an-upside-of-51-after-ev-sales-grow-1350-yoy-do-you-own-it\/","title":{"rendered":"Auto stock to BUY now for an upside of 51% after EV sales grow 1,350% YoY in Q3; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-281903581\"><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 third largest producer of motorcycles in India, TVS Motor Company Limited saw its shares rise by more than 4 percent to trade at Rs 1,022 levels. The stock traded in the green after the company posted an increase in its quarterly earnings.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3486335882\"><!-- 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>In Q3FY23, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TVSMOTOR\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">TVS Motor Company Limited<\/a><\/strong> reported a total income of Rs 8,075.06 Crore which jumped 22 per cent from Rs 6,606.22 Crore in the same period a year earlier. Their net profit grew by 28 per cent on a consolidated basis to be at Rs 303.64 Crore up from Rs 236.56 Crore.\u00a0<\/p><p>The Electric vehicle sales registered a growth of 1,350 per cent as the company sold 29,000 units in Q3, as against 2,000 units in the same quarter last year. During the period, the company announced strategic engagement with Amazon India to strengthen electric mobility, electric infrastructure, and connected services.\u00a0<\/p><p>TVS Motor Company is a reputed two and three-wheeler manufacturer with a global footprint in geographies like the Middle East, Africa, SE Asia, the Indian subcontinent, and Latin &amp; Central America.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-557299399\"><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 addition to this, the board of the two-wheeler auto giant has declared payment of dividends to its shareholders. The company will pay an interim dividend of 500% of its face value of Rs 1 which amounts to Rs 5 per share. The record date for the purpose is set as February 2nd, 2023.\u00a0<\/p><p><strong>Global brokerage Jefferies is bullish on the stock and has a \u2018Buy\u2019 tag with a target of Rs 1,550 per share which represents an upside of 51% from the current levels.&nbsp;<\/strong><\/p><p>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-1152199556\"><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 third largest producer of motorcycles in India, TVS Motor Company Limited saw its shares rise by more than 4 percent to trade at Rs 1,022 levels. The stock traded in the green after the company posted an increase in its quarterly earnings.\u00a0 In Q3FY23, TVS Motor Company Limited reported a total income of Rs [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20788,"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":[4049,2917,5424,3449,5646,5647,5648,948,936,3153,3157,2597,1403,5649,5652,5650,5651],"class_list":["post-85699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-auto-stock-to-watch","tag-auto-stocks","tag-auto-stocks-2023","tag-auto-stocks-to-buy","tag-large-cap-auto-stock","tag-large-cap-auto-stock-to-buy","tag-large-cap-auto-stock-to-buy-in-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-tvs-motors","tag-tvs-motors-buy-call","tag-tvs-motors-q3-2023","tag-tvs-motors-results","tag-tvs-motors-results-2023"],"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>Auto stock to BUY now for an upside of 51% after EV sales grow 1,350% YoY in Q3; Do you own it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"In Q3FY23, the company reported a total income of Rs 8,075.06 Crore which jumped 22 percent from Rs 6,606.22 Crore in the same period a year earlier. 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