TVS, Eicher Gain on Q1 Beat, Outlook

  Published 11 months ago

TVS and Eicher shares rise after Q1 profit beat; analysts cite strong demand, premiumisation, and volume-driven growth strategies.

  • Jefferies, Investec back TVS on record market share, ICE strength, and 18% EPS CAGR forecast till FY28.
  • Eicher’s push in marketing, premium bikes lifts volumes; Morgan Stanley praises growth focus, despite modest revenue cut.
  • TVS is rated "buy" with PT ₹2,907.5; Eicher is rated "hold" with PT ₹5,703, per LSEG analyst consensus.

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