TVS Motors Q4 results announced and it is much below expectation. In the present level the scrip will show a negative trend. But below 50 Rs it is a real great buy and we believe that the scrip will touch 65 to 67 in medium period and has a target of 72 by the year end. Increase in the cost of components and unbalanced overhead are the reason for the unfavorable result. For those who hold it at a price in the present level can hold the share. We recommend our clients to make purchase in small quantities at different prices between the ranges of 47 to 56, for a target of 72.
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