TVS Motor, Bajaj Auto among 7 stocks to buy for potential gains up to 31%; Macquarie sees higher export potential for 2Ws

The brokerage sees medium-term export potential with growing demand and market share gains in LATAM and Africa, along with export potential in the electric 2-wheeler space.

As per the brokerage, the company is well positioned as against peers to leverage growth. The brokerage lists TVS Motor as its top pick within the 2-wheeler space.

The brokerage maintains 'Outperform' call on the stock with the target pegged at Rs 2,904 apiece. This implies an upside of 24 per cent from the last close.  

Atfter an outperform call, TVS Motor shares pared intraday losses and ended in the green in Wednesday's session, snapping a 5-day losing run.

The brokerage reiterates 'Neutral' call on the 2-wheeler and slashes target from Rs 4,792 to Rs 4,292. The new revised target implies potential gains of up to 12 per cent from the previous close.  

The global brokerage maintains 'Outperform' rating with the target pegged at Rs 10,299. The target implies potential gains of 22 per cent from the last close.  

The brokerage continues with its 'Neutral' call on the stock with the target at Rs 5,156, implying possible upside of over 9 per cent as against the earlier close.  

The brokerage has maintained an 'outperform' call with the target set at Rs 826. The target implies that the stock can rally up to 21 per cent.  

The brokerage maintained 'Outperform' call on the passenger vehicle major with the target at Rs 14,371- implying upside of over 12 per cent.

The brokerage has continued with its 'Outperform' rating with a target of Rs 3,643 -suggesting possible gains of 31 per cent.