Pick of the Week: TVS MOTOR COMPANY LTD.

1. TVS MOTOR COMPANY LTD.
 TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the
world, with annual revenue of more than Rs.10,098 Cr in 2014-15 (around USD 1.6 billion), and is the flagship
company of the, USD 7.29 billion in 2013-14, TVS Group. The company has an annual sales of 2.5 million units
a year. TVS Motor Company is also the 2nd largest exporter in India with exports to over 60 Countries.
 Today, the TVS group is one of India's leading suppliers of automotive components, with a work force of
40,000 people across 30 companies with an annual turnover of USD 7.29 billion. The first four companies in
India to have won the coveted Deming Prize are from the TVS group.
 TVS rolls out 2.5 Mn vehicles every year. The company has four manufacturing plants, three located in India
(Hosur, Tamil Nadu and Mysore, Karnataka and Nalagarh, Himachal Pradesh) and one in Indonesia
(Karawang).
 Today TVS Motor functions through a strong nationwide network of more than 3500 touch points including
dealers, authorised service centres and other certified points across all the states in India.
 Technical Outlook
 The stock has been trading with multiple support line since last One year which is good sign for stock as
whenever stock took support of this multiple support line, it gave good bounce back from that level.
 Apart from this, stock has been trading with the support of 207 level which is 38.20% Fibonacci retracement
level of its previous bull run from 27.70 to 318 level.
 Besides, stock has given upper arm breakout of its “Pennant Pattern” with enough volume, suggesting that
stock might move according to characteristics of this pattern which is usually a northward move.
 Stock has also managed to close above its strong support of 200 DMA (which placed at 233 level), which
shows that medium to long term trend is up and could further accelerate its upside momentum.
 On weekly chart, stock has formed “Bullish Hammer” candlestick near the multiple support line which is a
sign of bullish reversal, furthermore, stock has managed to close above Hammer’s high which could again
propel the upside movement in near-term.
 On RSI front, it has given breakout of its consolidation move and reading at 55.87 level with positive
crossover, which point out for encouraging move in the stock.
 Based on the mentioned technical setup, we believe that the stock could reach towards 275 levels in few
trading sessions.
Company TVSMOTORS
Recommendation Buy
Sector : Auto
CMP : 234 & Buy Upto 228
Price Potential : 275
Stop Loss (Closing Basis): 215
Mkt Cap (Rs. Cr.): 11,051
TTM EPS (Rs.) 7.70
TTM Sales (Rs. Cr.) 10,248
BVPS (Rs.) 36.53
Reserves (Rs. Cr.) 1,688
P/BV 6.37
PE 30.21
Bloomberg Code : TVSL:IN
Reuters Code : TVSM.NS
TW = Twelve Months
TTM= Trailing 12 months
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: TVS MOTOR COMPANY LTD.
12th Sept, 2015
www.choiceindia.com *Please Refer Disclaimer on Website

2. Pick of the Week: TVS MOTOR COMPANY LTD.
12th Sept, 2015
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
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the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in
checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any
person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies Aprilket psychology, price patterns and volume levels. It is used to forecast future price
and Aprilket movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as
the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking
makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are
subject to change without notice. The information and any disclosures provided herein are in sumAprily form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading
purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided
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is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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Contact Us
Kunal Pamar (Research Associate)
kunal.pamar@choiceindia.com
PERFORMANCE TRACKER
www.choiceindia.comcustomercare@choiceindia.com
Chandrakant Maske(Research Associate)
chandrakant.maske@choiceindia.com
Amit Pathania (Research Associate)
amit.pathania@choiceindia.com
Vikash Chaudhri (Research Associate)
vikas.chaudhari@choiceindia.com
Date Lot Size
Type of
Call
Equity Initiated SL TGT Result
Profit /
Loss
Total
Profit
01.08.15 100 Buy SPICEJET 27.25 23.65 38 Stopped out on 24.08.15 -3.6 -360
08.08.15 100 Buy IPCALAB 760-787 730 900 Book Profit @ 815 on 14.08.15 120 12000
14.08.15 125 Buy ACC 1378-1360 1300 1550 Book Part Profit @ 1445 on 19.08.15 67 8375
22.08.15 100 Buy BAJAJCORP 488-505 455 600 Stopped out on 24.08.15 -33 -3300
28.08.15 125 Buy BAJAJ-AUTO 2260-2230 2130 2500
05.09.15 1000 Buy BHARTIARTL 353 325 410
Total 16715
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt Ltd., ou=Research
Dept., email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.09.12 15:24:50 +05'30'