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As of 10th May, 2023, the average broker target is Rs. 1,262.11, which is a 1.71% upside on the current price of Rs. 1,240.85.
The future does look bright for TVS Motor Company and its stock price as it’s expanding its portfolio of products in 2023. Moreover, it beat Hero MotoCorp in YoY revenue growth as well. As a result, most analysts maintain a Buy recommendation for the stock.
TVS Motors Services stock has shown a consistent upward trend over the past 5 years, with a rise from Rs. 563.75 on May 16, 2018, to Rs. 1241.30 on May 10, 2023. This reflects a nearly 15% year-on-year growth. Although it experienced a pandemic-related dip to Rs. 265.65 in 2020, the stock has since recovered and is stable.
Factors influencing TVS Motors Services' stock price include company performance (revenue growth, profitability, and market share), industry and market trends, product portfolio and innovation, competitive landscape, macroeconomic factors (interest rates, inflation, exchange rates, and government policies), and investor sentiment.
Considering the additions to its product portfolio in 2023, and historical performance, the TVS Motor stock can be considered for long-term investment. The relatively low PE ratio of 31.4 presents an attractive investment opportunity as the average annual EPS estimate is 40.2.