Technical analyst SP Tulsian maintained 'hold' rating on TVS Motor Company Limited stock.

According to analyst, the investors can hold the stock for 2-3 months.

The analyst added that the investors can exit the stock on rally to around Rs 62-64.

Today, the stock of the company opened at Rs 52.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 87.45 and a low of Rs 30 on BSE.

Current EPS & P/E ratio stood at 4.41 and 12.27 respectively.

Driving on sturdy sales increase, Chennai-based TVS Motor Co recorded a more than two-fold increase in its PAT (profit after tax) for the three month period ended December 31, 2010.

The company's PAT for the said period stood at Rs 55.75 crore as against a PAT of Rs 23.54 crore in the same period of 2009.

During the third quarter of 2010-11, the company's sales earning surged 51.23% to Rs 1,647 crore as against Rs 1,089 crore during the corresponding period of 2009.

TVS Motor said that its board of directors sanctioned a 50% interim dividend for the fiscal ending March 2011 at Rs 0.50 a share on 47.5 crore equity shares of Rs 1 each, soaking up a sum of Rs 27.70 crore, comprising dividend distribution tax.

Total two-wheeler sales surged 39% during the third quarter to 5.18 lakh units as against 3.72 lakh units.

Motorcycle sales increased 40% to 2.11 lakh units, whereas that of scooters surged 64% to 1.24 lakh units during the third quarter.