TVS Motors Q3FY08 Results

TVS Motor Company Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 58.30 million for the quarter ended December 31, 2007 as compared to Rs 114.60 million for the quarter ended December 31, 2006. Total Income has decreased from Rs 9529.80 million for the quarter ended December 31, 2006 to Rs 8961.30 million for the quarter ended December 31, 2007.

HSBC - TVS Motors

HSBC maintains target price of Rs 55

They have a Underweight rating

Potential return of -16%.

Kotak - TVS Motors

Kotak Securities recommends SELL/REDUCE on TVS Motors

Price target of Rs 51

Sales reducing, new launches critical, risky.