 "TVS Motor hits record high ahead of Q1 earnings")
TVS Motor Company (TVSL) has moved higher by 6% to Rs 179, also its record high on National Stock Exchange, ahead of its April-June quarter (Q1) earnings today.
The stock opened at Rs 173 and has seen huge trading activity on the counter. At 1010 hours a combined 2.43 million shares already changed hands compared to an average 2.5 million shares that were traded daily in past two weeks on NSE and BSE.
Analysts expect TVSL’s margins should improve on higher operating leverage, exports and a better product mix.
The stock opened at Rs 173 and has seen huge trading activity on the counter. At 1010 hours a combined 2.43 million shares already changed hands compared to an average 2.5 million shares that were traded daily in past two weeks on NSE and BSE.
Analysts expect TVSL’s margins should improve on higher operating leverage, exports and a better product mix.
Analyst at India Infoline expects TVSL to post 65% year on year (YoY) growth in net profit at Rs 86 crore on back of 31% jump in sales of Rs 2,307 crore for June 2014 quarter.
"We expect TVSL revenue to increase by 34.1% YoY driven by 22% YoY volume growth and better realisation. We also expect 70 bps EBIDTA margins to increase driven by operating leverage", says analyst at SBICAP Securities.
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