Emkay Research believe that the sales momentum of TVS Motors is likely to continue with the recent launch of new variant of the already successful TVS Star with electric start features. The company seems more focused on topline at the cost of bottomline.
According to the brokerage house, they estimated earnings for FY07 and FY08 stand at Rs 4.8 and Rs 6 respectively for a full year. They reiterate a Hold at current levels.
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