TVS Motor share price climbs 9% to 3-week high as brokerages remain bullish post Q3 earnings
1 month, 3 weeks ago

TVS Motor share price climbs 9% to 3-week high as brokerages remain bullish post Q3 earnings

Live Mint  

Stock market today: TVS Motor Company, one of the country's leading two-wheeler and three-wheeler manufacturers, saw its shares spike for the second consecutive trading session on Wednesday, January 29, gaining another 9% and reaching a 3-week high of ₹2,539 apiece. TVS Motor: Brokerages retain bullish stance Following the company’s Q3 performance, global brokerage firm Macquarie maintained its 'Outperform' rating on the stock with a target price of ₹2,857 apiece. The brokerage stated that the recently launched Jupiter 110 has been very well received by customers and is likely to help TVS Motor gain a share in the scooter market in the coming quarters. TVS Motor Q3 earnings snapshot The company reported a 4.2% year-on-year increase in its standalone net profit for the December quarter, reaching ₹618 crore compared to ₹593 crore in the same period last year.

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