No, TVS Holdings is not involved in die casting. The aluminium auto parts business was demerged and listed separately as Sundaram Clayton.
I don’t know about the competition in auto components. Sundaram Clayton is still a high debt and low margin business.
You read it’s annual report for further details.
The recent rally in TVS Holdings is more related to new NBFC venture rather than TVS motors stake. I believe TVS Holdings currently reached the max possible discount. In general when the discount between holding company and the actual company comes close to 52-57%, you should exit, If you follow the previous cycles ( based on reading from report). However due to recent announcements ( venture into NBFC, Real estate) and uptrend in Auto sector,I continue to Hold, if you have bought previously. However, New entry is not an value buy from now as it’s like predicting the future without any results.
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