Research Report

Large Cap
01 Feb 2012, 04:46 PM
TVS Motor Company Ltd.
Bank of America Merrill Lynch
SELL
LONG TERM
Price when Post
52.6
Target Price
53
Return
0.7605%
BoAML downgrades TVS Motor to underperform

Volume outlook not encouraging with 10 per cent year to date growth. Margins to remain under pressure in coming quarters.

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