TVS Motor share price gains 2.63% to 52 week high on its foray into Vietnam
Live MintTVS Motor Company Ltd share price saw gains of 2.63% to 52 week highs of 1784 on the BSE in the morning trades on Thursday, on news flow around its entry into Vietnam. For TVS Motor Company two-wheeler exports of 2.39 Lakh units in the quarter ended September 2023 while improved sequentially were also not much less compared to 2.52 Lakh units in the quarter ended September 2022. During the September quarter TVS Motorcycle sales grew by 3% registering 4.93 Lakh units in the quarter ended September 2023 as against 4.77 Lakh units in quarter ended September 2022. TVS' 28 times FY25 estimated price to earnings ratio appears rich, but analysts at Jefferies believe premium valuations will sustain on strong growth outlook and improving franchise Analysts at Prabhudas Lilladher post Q2 results also had said that TVS is well placed to outperform the industry given a good tractions for new product launches in ICE & EV segments, higher focus on exports & premiumisation and margin improvement helped by cost control, operating leverage, benign input prices.