TVS Motor slips up to 6% from day's high post decent Q2 show: Here's what brokerages suggest

TVS Motor Company stock price: TVS Motor Company shares successful Thursday's league successful a choppy commercialized swung betwixt gains and losses aft the company's September 4th net were announced connected Wednesday aft marketplace hours. At the clip of penning the copy, shares traded anemic by 1.6 per cent oregon Rs 40.55 astatine Rs 2,524.6 apiece connected the BSE. 

Nonetheless, successful aboriginal commercialized it zoomed up to Rs 2,646.25, marking an implicit 3 per cent summation implicit the erstwhile day's close.

For the September quarter, the company's standalone nett net accrued 23.5 per cent year-over-year (YoY) to Rs 662.6 crore, portion the gross astatine the Chennai-headquartered two-wheeler shaper came successful astatine a record Rs 9,228.2 crore for the reappraisal period, arsenic against Rs 8,144.6 crore for the year-ago period, according to a regulatory filing. 

Sales astatine the institution besides grew 14.3 per cent YoY to a grounds 12,28,223 units successful the 2nd 4th of FY25. The income volumes comprised interior combustion engine-powered and electrical vehicles.

How planetary brokerages presumption TVS Motor station its Q2 earnings?

Global brokerage Jefferies has continued with its 'buy' telephone connected the banal with a raised people of Rs 3,770, implying imaginable upside of 47 per cent from the erstwhile close. The brokerage is upbeat connected the banal arsenic it believes TVS should beryllium a beneficiary of 2W request revival. The brokerage highlighted that the company's Q2 EBITDA grew 20 per cent YoY, but was 4 per cent below its estimates, also EBITDA borderline roseate 20 bps sequentially to 11.7 per cent. It added that the company expects home 2Ws to turn 7-8 per cent in 3Q with institution increasing faster thanthe  industry.

Meanwhile, Morgan Stanley has continued with its 'equalweight' stance connected the antagonistic and a people of Rs 2,265 per share. The brokerage underlined that the company's EBITDA was 6 per cent beneath its estimates due to weaker-than-expected realizations and higher worker costs. The brokerage likes the company's absorption connected products and technology, but F2026e P/E of 38x keeps it EW, it added.