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ET Intelligence Group: The stock of TVS MotorBSE -1.48 %, India's leading two-wheeler company, has gained 30% in the last three months, catapulting it into the ranks of the most expensive in the auto space. The stock is trading at a price-earnings (PE) multiple of 30 times its projected one-year forward earnings. However, there are a couple of triggers that are likely to keep the PE multiple of the stock elevated. The company's volume growth is likely to outperform the two-wheeler industry growth for the current fiscal by 3-4%, thanks to a model launch in motorcycle and scooter segment each.
ET Intelligence Group: The stock of TVS MotorBSE -1.48 %, India's leading two-wheeler company, has gained 30% in the last three months, catapulting it into the ranks of the most expensive in the auto space. The stock is trading at a price-earnings (PE) multiple of 30 times its projected one-year forward earnings. However, there are a couple of triggers that are likely to keep the PE multiple of the stock elevated. The company's volume growth is likely to outperform the two-wheeler industry growth for the current fiscal by 3-4%, thanks to a model launch in motorcycle and scooter segment each.
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