TVS MOTOR COMPANY – POST Q1 FY27 RESULTS OUTLOOK

TVS Motor has delivered a strong Q1 FY27 performance, supported by robust volume growth and improving business momentum. The company recorded its highest-ever quarterly sales of 16.31 lakh units, with two-wheeler sales growing 27% YoY, international business rising 33% and EV sales reaching a record 1.30 lakh units. This strong volume trajectory, along with continued growth in scooters, premium motorcycles and EVs, keeps the medium-term business outlook positive. From a technical perspective, the stock has shown a strong recovery from the ₹3,300–3,400 zone and is now trading above its key short- and medium-term moving averages. The price is currently above the 10, 20, 50 and 200-day moving averages, indicating improving trend strength. RSI has also moved above 60, reflecting positive momentum without entering an extreme overbought zone. The stock is now approaching an important resistance zone near ₹3,950–4,000, which is close to its previous high. A decisive breakout and sustained closing above ₹4,000 can trigger fresh momentum towards ₹4,150–4,250. On the downside, ₹3,680–3,600 will act as the immediate support zone, while ₹3,500 remains a crucial medium-term support. Any dip towards these levels, if supported by buying interest, can be viewed positively. Overall Outlook: POSITIVE. Strong sales growth, EV expansion, international growth and a bullish technical setup support a constructive view. Existing investors may continue to hold with a trailing stop-loss, while fresh buying should preferably be considered either on dips towards support or after a convincing breakout above ₹4,000. The key monitorable going forward will be margin sustainability and management commentary on premium motorcycle and EV growth. $TVSMOTOR