This mutlibagger 2-wheeler stock trades subdued after a series of upgrades; should you buy, hold or sell?

TVS Motor shares traded subdued in Thursday' session (August 29, 2024) even as the headline indices traded with gains despite the overall weak global market mood. In the past one month, the stock has climbed 9 per cent after receiving a lot of upgrades.

At the last count, shares traded with a marginal drag oif Rs 2.25 or 0.08 per cent at Rs 2,736.9 per share on the BSE. The stock marked its all-time high on August 23, 2024 of Rs 2,818 per share.

Here are the new ratings and target price set on the stock by global brokerages

Why brokerages like 2-wheeler major TVS Motor?

TVS Motor is the prime beneficiary of the revival in demand for 2-wheelers. Jefferies held that with the improvement in the company's franchise model, margin expansion is possible for the company. Also, as the product launch cycle has been initiated for the company, the auto-wheeler stock has been drawing the benefits.

Global brokerage Jefferies estimates the company's EPS to grow to 2 times in years. Also, the brokerage said the stock trades at an attractive valuation of FY26 36x PE.

Product pipeline strong

The company has lately launched an electric 2-wheeler. Also, the company's recent Jupiter 111 launch will boost the company's market share as well as volume.