Buy TVS Motors With Stop Loss Of Rs 72

Buy TVS Motors With Stop Loss Of Rs 72Stock market analyst Kiran Jadhav has maintained 'buy' rating on TVS Motor Company Limited stock to achieve a target of Rs 82.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 72.

The said target can be attained within a period of 5-8 trading sessions, Kiran added.

The stock of the company, on Nov 05, closed at Rs 75.95 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 80 and 27.52 respectively.

The share price has seen a 52-week high of Rs 3.73 and a low of Rs 20.42 on BSE.

TVS Motor Company Ltd has recorded a total sales increase of 48% during the last month of the existing year (2010).

The company said that strong demand for its products crosswise all sections has permitted it to register this robust figure.

During the last month, TVS Motor recorded total sales of 195,271 unit as compared to 131,941 units in October 2009.

The company's cumulative total sales during April to October stood at 1.12 million units.

The company's total two-wheeler sales during the last month increased by 46% with sales of 191,822 units as compared to 131,029 units recorded during October, last year.

As per reports, the company has seen an increase of 45% in its domestic sales, which stood at 173,771 units as against 118,563 units in October last year.

Under the scooter segment, the company recorded an increase of 58% in its sales and motorcycles sales surged 49 in October, 2010.