Go long in TVS Motor: Kunal Saraogi

Kunal Saraogi, CEO of Equityrush recommends going long in TVS Motor with a short term target of Rs 260.

Kunal Saraogi, CEO of Equityrush told CNBC-TV18, " TVS Motor is an outperformer and has been relative outperforming against the Nifty for a while now. I see renewed momentum in the stock in today's trade and I think there is a bit of a resistance at about Rs 260-263. But if the stock manages to cross that then it is good for another Rs 20 but Rs 260 can be a short-term target. One should definitely be long on the stock."

The company's trailing 12-month (TTM) EPS was at Rs 6.06 per share. (Sep, 2014). The stock's price-to-earnings (P/E) ratio was 42.52. The latest book value of the company is Rs 29.79 per share. At current value, the price-to-book value of the company was 8.65. The dividend yield of the company was 0.54 percent.

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