Stock market analyst Anil Singhvi is of the view that investors can buy TVS Motors Company Ltd stock with intra day target of Rs 106.

Mr. Singhvi said that the interested investors can buy the stock with stop loss of Rs 97.

The shares of the company, on June 23, closed at Rs 99.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 108.80 and a low of Rs 40.50 on BSE.

Current EPS & P/E ratio stood at 5.25 and 19.16 respectively.

According to reports, exports will contribute 25% of overall sales by the next 4-5 years.

HS Goindi, President-Marketing, TVS Motor said that presently, exports contribute around 14-15% of its overall sales for the company.

TVS has decided to make an investment of Rs 150-180 crore by 2011 towards capital expenditure.

The company is making efforts to foray into Argentina and Mexico with its two-wheelers.

This will push its popular brands Star and Apache and anticipates having 18-20% market share in all export markets from the existing 10% share.

In May 2010, two-wheeler maker recorded 30% sales growth as against the same period in 2009.

In May 2010, TVS Motors sold 154,667 units as against 118,574 units sold in May 2009.

In India, TVS Motor recorded 27% increase, selling 136,621 two-wheelers in May.