TVS Motors Q1 Results Overview
Jefferies and Citi have differing opinions on TVS Motors’ first-quarter results. While Jefferies is optimistic, Citi remains cautious about the stock’s valuation.
Jefferies’ Bullish Stance
Jefferies sees TVS Motors as a key beneficiary of the rural recovery and premiumisation trends. They maintain a ‘buy’ rating and have increased their target price, citing the company’s strong performance in the premium two-wheeler and scooter segment as a growth driver.
Citi’s Cautious Outlook
On the other hand, Citi has reiterated a ‘sell’ rating for TVS Motors. Despite acknowledging the slight outperformance in the first-quarter results, Citi remains concerned about the company’s high valuation compared to peers. They also point out the competitive risks in the two-wheeler market, especially with new electric vehicle launches.
While Jefferies is bullish on the future prospects of TVS Motors, Citi’s caution stems from the company’s valuation and competitive landscape.
For more information on the analysis by Jefferies and Citi on TVS Motors’ first-quarter results, click here.
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