BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
TVS Motor Company Ltd.'s Q2 FY23 Ebitda margin was in line with our estimate and consensus with an all-time high Ebitda/vehicle at Rs 7,169.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Management highlighted domestic two-wheeler demand continued to recover with an improvement in consumer sentiments. The company also plans to launch multiple electric vehicles in the two-wheeler/three-wheeler space over the next 12 months coupled with a ramp-up in capacity to 300,000 units per annum (from 120,000 units pa).
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
TVS Motors expects some near-term volatility in export markets due to forex volatility but remains confident in the medium-term prospects. We see signs of the two-wheeler industry recovering from a sharp downturn and have upgraded our FY23E/24E Ebitda estimates by 5%/ 4%, respectively.
While we remain positive on TVS Motors' growth prospects from the medium term, we see limited upside after a sharp run-up in stock price (80% in the last six months).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
