Bank of America (BofA) has upgraded TVS Motor to neutral from underperform, setting a target price of ₹2,625. The upgrade comes after a recent correction in the stock, which has made its valuation more attractive.
Key highlights of BofA’s report:
- Improved valuation: The correction in TVS Motor’s stock has reduced valuation concerns, making it less demanding.
- Strong execution: The company has demonstrated commendable execution, particularly in market share expansion.
With a focus on innovation and growth, TVS Motor continues to strengthen its position in the two-wheeler segment.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
