Sell TVS Motor, target of Rs 16: PINC
PINC Research has downgraded its rating on TVS Motor Company to sell with a target price of Rs 16 in its March 20, 2009 research report. “TVSL has been consistently losing its market share in the Indian 2- wheelers market over the last five years. The shrinking market share and leverage on the balance sheet makes it vulnerable to competitive environment. At the current price, the stock of the company is trading at 9.8x FY10E earnings of Rs 2.1. Given its over dependence on price sensitive entry segment products and leverage on balance sheet, we see TVSL more vulnerable to competitive environment. We downgrade the stock to ‘SELL’ with a target price of Rs 16, discounting FY10E earnings 7.5x,” says PINC’s research report.
Tags: calls, daytrading, free calls, intraday, tips
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
