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TVS Srichakra: Flying like an Eagle. 70% up in less than 3 months. What Next? - Views on News from Equitymaster
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  • Sep 30, 2016 - TVS Srichakra: Flying like an Eagle. 70% up in less than 3 months. What Next?

TVS Srichakra: Flying like an Eagle. 70% up in less than 3 months. What Next?
Sep 30, 2016

TVS Srichakra touched all time high today and is up by 70% since our recommendation in July 2016.

It is important to look at why we recommended the stock in the first place. When we met the management, the first thing that we noticed is the focus. In fact, during the meeting, management gave the following quote:

"Eagles soar because they always focus on their goal" (TVSSC has revamped its identity with an Eagle Logo)

With the focus, TVS Srichakra Ltd (TVSSC) has become a specialist and a leader in the two and three-wheeler segment. TVSSC managed to outperform the industry growth with maintaining a leadership position in the OEM segment and increasing market share in the aftermarket segment. Not to mention, TVSSC has made a conscious decision to stay in the two and three-wheeler segment and not diversify into the truck and bus or passenger car tyre segments.The Two-wheeler industry is relatively stable and less cyclical compared MHCV (Medium and Heavy Commercial Vehicles).

Other tailwinds were also in the favour of the company. This includes increased government spending, especially in rural areas due to increased rural allocation in the budget 2016-17, normalised monsoon, the positive impact of seventh pay commission and overall economic recovery to further aid to drive growth.

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