Multibagger Tracker: This largecap stock turns Rs 10,000 to Rs 3 lakh in just 10 years

economictimes.indiatimes.com:

TVS Motor have offered blockbuster returns to investors in the last 10 years. The shares have risen 3,100% over the decade. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago, the investment would have turned to Rs 3 lakh, according to an analysis by ET Markets.

In the last three years, the stock has surged 174% while it has given a return of 67% in the last five years. TVS Motor, a largecap company with a market capitalization of over Rs 60,000 crore, is a reputed two and three-wheeler manufacturer globally. The company operates across 80 countries.

It has an EPS of 31.38 on a trailing twelve-month (TTM) basis and the stock is currently trading at a PB of 10.55. According to the latest shareholding pattern available with the exchanges, promoters own the majority of the stake at 50.27%, while the rest of 49.73% lies with the public shareholders. Among the public shareholders, mutual funds hold an 18.24% stake in the company, while foreign investors have about 18% holding.

For the quarter ended March, the company reported a 49% year-on-year (YoY) rise in net profit at Rs 410 crore, while revenue from operations grew 19% YoY to Rs 6,605 crore.Technical OutlookAnalysts say the stock is in a consolidation mode and advised investors to buy on dips. «After making a high of Rs 1,384 in the month of June, the stock is now under consolidation. Investors can buy the stock on dips, within a range of Rs 1,280-1,300 for a target of Rs 1,515.