Multiple risks may cap uptick in TVS Motor stock as Covid, crude weigh

The TVS Motor stock has gained about 33 per cent since its lows in mid-March on a better-than-expected operating performance in Q4FY20, rising dispatches and recovery in export markets. Some of the optimism is reflected in two-wheeler sales in June. Total two-wheeler sales at 191,000 units have now reached about 67 per cent of the year-ago levels. Domestic sales have increased more than threefold from May’s figure. Analysts say the swift recovery in the two-wheeler market was led by opening up of dealerships, pent-up demand, improving rural sentiment, and the wedding season.  .....

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