This was one counter which performed very well during the 2018 rally. It reached to its optimum valuations only to give an astounding almost 50% correction in price from its peak.
You can clearly see how TVS Motor share declined one way from about 800 levels to 450 levels. It is not cheap in terms of valuations at this price, although being a prominent company in its sector and under owned; it is likely to attract institutional buying that can establish the current levels as its bottom for now.
Today price is ruling at 482 and a trader going long can expect 10-20 per cent plus rise.
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