Technical analyst Hitesh Eidnani of Trend Tech Consultants maintained 'hold' rating on TVS Motor Company Limited stock with a stop loss of Rs 58.

According to analyst, the investors can exit the stock on rally to around Rs 75-80 in the short term.

But investors should hold with a long-term view for good gains, he added.

Today, the stock of the company opened at Rs 62.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 87.45 and a low of Rs 30 on BSE.

Current EPS & P/E ratio stood at 4.41 and 13.74 respectively.

Depending upon sturdy sales growth, TVS Motor Co recorded an over two-fold increase in its PAT for the third quarter ended December 31, 2010.

The company's PAT stood at Rs 55.75 crore for the period under review as against Rs 23.54 crore in the same period of 2009.

During the third quarter, the company's sales revenue surged 51.23% to Rs 1,647 crore as compared to Rs 1,089 crore during the corresponding period last fiscal.

The overall two-wheeler sales increased 39% in the third quarter to 5.18 lakh units.

The sales of motorcycle surged 40% to 2.11 lakh units.

Two-wheeler exports increased 17% to 51,394 units from 43,696 units in the year ago-period.