TVS Motor Company jumped over 9%, touching the day's high of Rs40.60, after Standard Chartered Bank came out with an ' outperform' rating on the company.
Citing strong correction in the stock price, Standard Chartered Bank upgraded the target price on the stock to Rs62. TVS Motor stocks have fallen 46% in the last five months. The investment bank said valuations were attractive as the stock traded at 59% discount to Hero MotoCorp.
Hero MotoCorp is the market leader in the two-wheeler space in India.
....more info
Citing strong correction in the stock price, Standard Chartered Bank upgraded the target price on the stock to Rs62. TVS Motor stocks have fallen 46% in the last five months. The investment bank said valuations were attractive as the stock traded at 59% discount to Hero MotoCorp.
Hero MotoCorp is the market leader in the two-wheeler space in India.
....more info