Refile: BUZZ-India's TVS Motor rises after upbeat Q1 earnings ease margin worries, brokers lift PT

TVS Motor

22/07/2026 06:05

Corrects typographical error in headline
** Shares of TVS Motor Company TVSM.NS rise 4.16% to 3,951 rupees--highest since February 27, 2026
** Co reported a 51.3% jump in Q1 profit to 11.74 billion rupees ($122 million); revenue from operations up 38% 
** Jefferies says domestic 2W demand, exports to drive volume growth; keeps "buy", raises TP to 4,900 rupees from 4,500 rupees earlier
** Commodity cost inflation withered well for Q1, EBITDA margin expansion a positive surprise--BOB Capital Markets; reiterates "hold" rating, raises TP to 3,931 rupees from 3,658 rupees
** Emkay favors TVS on premiumization-led growth, market-share gains, resilient margins, being key beneficiary of India’s EV transition; retains "buy", raises TP by 6% to Street high of 5,300 rupees
** 25 of 35 analysts rate TVS "buy" or higher; median PT 4,152.50 rupees- data compiled by LSEG 
** YTD, stock up 5.89%
 
($1 = 96.2300 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))