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Wednesday, Nov 08, 2006

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TVS Motors betting on new variant

Nilanjan Dey

Analysts foresee TVS Motors to continue its sales drive in the coming days, especially so with the introduction of a new variant of TVS Star, complete with electric start features. Billed among the critical factors for the company are its foray into three-wheelers and its unit in Indonesia. Also, probable tax benefits (at its Himachal base) are included in this list. Reviews by brokers suggest that the company's full-year estimated EPS for fiscal 2007 and fiscal 2008 are Rs 4.8 and Rs 6, respectively. On Tuesday, the stock gained over 2 per cent to close at Rs 107.50 on the NSE, slightly off the day's high of Rs 109. Over 4 lakh shares were traded.

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