Technical analyst Pradeep Surekha has maintained 'buy' rating on TVS Motor Company Limited stock to achieve an intraday target of Rs 55.

According to analyst, the investors can buy the stock if it comes down to Rs 45 with a stop loss of Rs 42.

The stock of the company, on February 28, closed at Rs 50.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 87.45 and a low of Rs 33 on BSE.

Current EPS & P/E ratio stood at 4.41 and 12.18 respectively.

Country's third biggest two wheeler manufacturer declared that its total sales during the last month surged nearly a quarter to 177,412 units as against the same period of last year.

The company said that its two-wheeler sales surged over a fifth.

During February, two-wheeler sales of the company remained at 173,200 units as compared to 140,544 units during the corresponding period of last year.

Under the three-wheelers section, TVS Motor Company sold around 4,212 units during the last month from 2,132 units sold in Feb 2010.

On February 15, Indian Bank inked a deal with TVS Motor Company for funding the company's automobiles.

According to Indian Bank Chairman T M Bhasin, "The MoU will help to bring three wheeler drivers into structured banking and enhance Bank's collateral free lending."

Via this affiliation with the auto company, Indian Bank's loan book by March this year would go up to Rs 10 crore and it is anticipated to hit Rs 75 crore mark by the next fiscal year.