Technical analyst Rajat Bose has maintained 'hold' rating on TVS Motor Company Limited stock with a medium-to-long term view.

According to analyst, the investors can buy the stock with a strict stop loss of Rs 49.

The stock of the company, on May 03, closed at Rs 55.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 87.45 and a low of Rs 44.90 on BSE.

Current EPS & P/E ratio stood at 4.06 and 13.04 respectively.

TVS Motor Co. announced that its fourth-quarter net profit surged two folds after it sold more two- and three-wheelers.

India's third biggest two-wheeler manufacturer by sales stated that its net profit for the January-March period grew to Rs 416.8 million from Rs 202.9 million a year earlier.

Company's sales zoomed 35% to Rs 16.05 billion as against Rs 11.92 billion.

TVS Motors registered an increase of 14% in its sales during April 2011.

The top contributors to this development comprise high sales of the company, and company's three-wheelers, which recorded a noteworthy increase.

The company said, "The company registered sales of 167,744 units as against 147,172 units in the corresponding month of the previous year."