Update on two wheelers: Hold Eicher motors and Buy TVS motors. 3 months.
TVS motors was a buy for a target of 440 in January and the target was hit in February 2017. We had recommended to hold stock for 3 months for a target of 500. The stock has consolidated in the month of March.
Eicher has moved from lows of 23k to 25.5k. we had recommended a buy in Eicher motors for a target of 26k. The stock is trading strong above 25.25k. Hold for a short term target of 26.5k in 2 weeks and Hold for new target of 28k in 3 months.
With good move in Eicher motors expected above 25.5k, TVS motors is a buy for a target of 500. SL 400. 2 months. TVS can move to 460-480 in 2-3 weeks.
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