Latest news with #TVSMotorCompanyLtd
Economic Times
2 days ago
- Automotive
- Economic Times
Stock Radar: TVS Motor breaks out from 1-month consolidation to hit fresh high; time to buy or book profits?
TVS Motor Company Ltd, part of the two-wheeler space, broke out from 1-month long consolidation on the daily charts which has opened room for the stock to head traders can look to buy the stock for a target above Rs 3,100 levels in the next few weeks, suggest stock which is part of the BSE 100 index underwent consolidation after hitting an intraday high of Rs 2,960 on June 30, 2025. It found support above the
Business Standard
04-08-2025
- Automotive
- Business Standard
TVS Motor Company Ltd spurts 3.5%, gains for third straight session
TVS Motor Company Ltd is quoting at Rs 2958.2, up 3.5% on the day as on 12:49 IST on the NSE. The stock is up 18.64% in last one year as compared to a 2.65% spurt in NIFTY and a 3.92% spurt in the Nifty Auto index. TVS Motor Company Ltd is up for a third straight session in a row. The stock is quoting at Rs 2958.2, up 3.5% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 24694.05. The Sensex is at 80958.07, up 0.44%. TVS Motor Company Ltd has risen around 2.83% in last one month. Meanwhile, Nifty Auto index of which TVS Motor Company Ltd is a constituent, has risen around 0.86% in last one month and is currently quoting at 23410.95, up 1.4% on the day. The volume in the stock stood at 13.59 lakh shares today, compared to the daily average of 6.95 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 2969.6, up 3.59% on the day. TVS Motor Company Ltd is up 18.64% in last one year as compared to a 2.65% spurt in NIFTY and a 3.92% spurt in the Nifty Auto index. The PE of the stock is 46.64 based on TTM earnings ending June 25.
Mint
31-07-2025
- Automotive
- Mint
TVS flags rare earth magnet threat even as profit surges on scooter sales
TVS Motor Company Ltd flagged the threat of curbs on rare earth magnets, imported majorly from China, prompting India's third-largest two-wheeler maker by volume to look for other sources for the critical components to ensure its production continues uninterrupted. To be sure, TVS shared a less dire outlook in its post-earnings commentary on rare earth magnets on Thursday, saying it was able to manage production, unlike Bajaj Auto Ltd, which has warned that it can have severe production cuts starting from August if China does not ease restrictions on export of these key inputs used in electric vehicles, smartphones and fighter jets, among others. In Bajaj Auto's earnings call on 29 May for the January-March period, the company announced that production could halt soon if the rare earth magnet crisis was not resolved quickly. Rajiv Bajaj, managing director at the country's second-largest motorcycle manufacturer, recently said that August could be a zero month, meaning complete production halt, for the company's electric scooter Chetak. India's largest two-wheeler company Hero MotoCorp has not shared a commentary on the issue, with its results scheduled to be announced on 6 August, after which investors are expected to raise the issue. TVS told analysts and investors that it is exploring other options to mitigate the rare earth magnet crisis, which seems unlikely to be resolved any time soon as China continues to restrict exports of the key component. During the April-June period, the company saw its consolidated profits zoom 33% from a year ago to ₹ 642 crore, as its margins expanded by nearly a 100 basis points in the last one year on the back of robust growth in revenue and accrual of production-linked incentive scheme. Revenue during the first three months of the current fiscal year grew by 18% to ₹ 12,249 crore, driven by a surge in scooter sales. Total bike, scooter and moped sales rose 16% to 1.23 million, with sales of scooters growing 19% to 499,000 units, from 418,000 units in the year-ago period. Shares on TVS settled about 0.6% higher at ₹ 2,809 apiece on the NSE on Thursday. While the company expects the second half of the year to have even better growth, investors questioned the management on the possibility of production disruption due to the rare earth magnet supply crisis. 'At this point, we are managing day-to-day production. There are alternatives but the lead times are high,' K.N. Radhakrishnan, director and chief executive at TVS, said during the post-earnings call. Although the company did not specify what alternatives it is currently exploring, other players are using rare earth free motors and light rare earth motors to avert disruption. TVS' electric vehicle segment rivals Ola Electric and Ather Energy have explored these technologies. Motors use rare earths for efficient performance. However, automakers are recently using ferrite-based magnets and light rare earth magnets in motors, which haven't been restricted by China and have a more diversified supply chain than heavy rare earth magnets. Analysts noted that TVS continues to outperform the industry and post good margins, which is helping improve its profitability. 'In an otherwise tepid quarter for the 2W industry, TVS saw strong volume growth in Q1FY26, with highest-ever quarterly volumes. Performance was driven by growth across its scooters and motorcycle segments. While the motorcycle segment has not done very well for the industry in recent times, TVS has bucked the trend with consistent growth,' Mrunmayee Jogalekar, auto research analyst at Asit C Mehta Investment Interrmediates Ltd, said. Starting 4 April, China started restricting exports of key rare earth magnets that are used in the motors of electric vehicles and other components of ICE (internal combustion engine) vehicles. More than 30 applications of Indian suppliers have been sent to the Chinese government, which has not approved any shipment since the last three months. Automakers are now looking at importing full products to offset any impact on production to ensure operations are not halted. While Bajaj had raised an alarm, TVS remains optimistic about production continuity and said that good growth in the EV market will continue. In the first three months of the current fiscal, TVS was the largest electric scooter seller, selling nearly 70,000 units, 35% higher from a year ago. 'There is an increasing trend of scooterization and premiumization in the motorcycle market,' Radhakrishnan. On investments and new products, TVS said it will continue its investments in Norton as the premium British motorcycle brand readies itself to launch new products by the end of this financial year. TVS acquired Norton in 2020 for £16 million. Radhakrishnan said that the products will start rolling out in Europe by first quarter of FY27. Capital expenditure in the current financial year will be around ₹ 1,600 crore.
Business Standard
15-07-2025
- Automotive
- Business Standard
Quick Wrap: Nifty Auto Index rises 1.50%
Nifty Auto index closed up 1.50% at 23905.25 today. The index is up 2.00% over last one month. Among the constituents, Hero MotoCorp Ltd gained 4.76%, TVS Motor Company Ltd rose 2.95% and Bajaj Auto Ltd added 2.76%. The Nifty Auto index is down 5.00% over last one year compared to the 2.83% surge in benchmark Nifty 50 index. In other indices, Nifty Pharma index added 1.14% and Nifty PSU Bank index gained 0.87% on the day. In broad markets, the Nifty 50 increased 0.45% to close at 25195.8 while the SENSEX added 0.39% to close at 82570.91 today.
Economic Times
25-06-2025
- Business
- Economic Times
Stocks to buy today: M&M, Grasim among 6 trading ideas for 25 June 2025
The Indian market is likely to trade higher on Wednesday, tracking positive global cues. ADVERTISEMENT The Nifty future closed positively with gains of 0.39% at 25,090 levels on Tuesday. India VIX fell by 2.8% to close at 13.64 in the previous session. The sustained low levels of the VIX reflect declining fear and growing investor confidence, experts suggest. On the options front, the maximum Call OI is placed at 25,200 and then towards 25,500 strikes, while the maximum Put OI is placed at 24,800 and then towards 25,000 writing is seen at 25,100 and then at 25,200 strikes, while Put writing is seen at 25,100 and then towards 25,200 strikes. 'Options data suggests a broader trading range in between 24,600 to 25,500 zones while an immediate range between 24,800 to 25,300 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. ADVERTISEMENT 'Nifty formed a bearish candle on the daily frame on Tuesday, but it has been forming higher lows from the last three sessions,' he added.'Now the index has to hold above 25,000, for an up move towards 25,300 and 25,500 zones while support can be seen at 24,900 then 24,800 zones,' recommended Taparia. ADVERTISEMENT TVS Motor Company Ltd: Buy| Target Rs 3000| Stop Loss Rs 2765 ADVERTISEMENT Grasim Industries: Buy| Target Rs 2935| Stop Loss Rs 2700 M&M: Buy| Target Rs 3280| Stop Loss Rs 3090 ADVERTISEMENT Indian Bank: Buy| Target Rs 635| Stop Loss Rs 611 Britannia Industries: Buy| Target Rs 5717| Stop Loss Rs 5527 ICICI Lombard General Insurance Company: Buy| Target Rs 2085| Stop Loss Rs 1900 (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
