Hold TVS Motors With Stop Loss Of Rs 49

Hold TVS Motors With Stop Loss Of Rs 49Technical 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."