Updated Apr 19, 2024 | 03:17 PM IST
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The company’s stock is a constituent of the S&P BSE 100 index. (Image: Shutterstock/ET NOW News)
TVS Motor Share Price Target 2024: Brokerage firm Citi has maintained its 'Sell' recommendation for TVS Motor Company's stock. Despite the cautious stance, the firm has increased the target price for the stock from Rs 1,450, up from the previous target of Rs 1,400. Two wheeler and three wheeler manufacturer TVS Motor enjoys a market capital of Rs 90,314 crores as on April 19, 2024, according to the BSE website. The company’s stock is a constituent of the S&P BSE 100 index. The stock witnessed a 52 week high after trading at Rs 2,313.90 apiece.
TVS Motor Share Price Target
Citi has initiated a 90-day negative catalyst watch on the firm, indicating that investors should be careful of any potential unfavourable developments that might impact the stock's performance. This watch is most likely owing to the increasing competition intensity in the electric two-wheeler (E2W) category, which may cause issues for TVS Motor.
The brokrage firm expects the fourth quarter results for fiscal year 2024 (Q4FY24) to be bad. Lower operational leverage is one reason contributing to this likely decline, which might have a negative influence on the quarter's financial results.
Furthermore, the present values of TVS Motor Company have a little margin of error, meaning that the stock price has already reflected the majority of the favourable news and leaves little opportunity for upside surprises. Investors should take care and actively watch the company's performance, particularly in the highly competitive E2W industry.
TVS Motor Share Price history
TVS Motor is a constituent of the S&P BSE 100. According to BSE analytics (as of April 19), shares of TVS Motor fell by 7.65 per cent and 8.66 per cent in the last 1 week and 2 weeks, respectively. In the last 1 months and 3 months, shares have fallen by 7.48 per cent and 7.26 per cent, respectively. On a YTD basis, the shares down by 6.44 per cent. However, in the past 1 year and 2 years, the shares gained by 61.43 per cent and 251.61 per cent, respectively. In the past 5 year and 10 years, the shares gained by 264.60 per cent and 2026.45 per cent, respectively.
TVS Motor Dividend History
Last year, TVS Motor announced a dividend of Rs 8 in March. In 2021 and 2022, the company declared dividends of Rs 2.1, Rs 1.4 and Rs 3.75 with an ex-date on 04 February, 30 March and 25 March, respectively. In 2020, the company announced dividends of Rs 2.1 and Rs 1.4 in February and March, respectively.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
