Stock market analyst Mitesh Thacker has maintained 'buy' rating on TVS Motor Company Limited Ltd stock with targets of Rs 87 and 90.

According to analyst, the stock can be purchased between Rs 83-81 with a stop loss below Rs 79.

The stock of the company, on Nov 09, closed at Rs 82.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 83.50 and a low of Rs 28 on BSE.

Current EPS & P/E ratio stood at 3.73 and 22.40 respectively.

TVS Motor recorded an increase of 123% during the second quarter ended September 30.

The company's quarterly net profit stood at Rs 54.8 crore as compared to Rs 24.5 crore during the same period of 2009.

Company also reported growth in its revenue during July-September quarter.

The company's quarterly revenue came up to Rs 1,616 crore as compared to Rs 1,130 crore.

Company's PBT grew by 181% to Rs 68 crore as against Rs 24 crore during the year-ago quarter.

During the last month, TVS Motor Company recorded a total sales growth of 48%across all segments of the two and three-wheeler industries.

The company recorded total sales of 195,271 units during the last month as against 131,941 units in October, 2009.