Technical analyst Mitesh Thacker is bullish on TVS Motor Company Limited and has recommended 'buy' rating on the stock with a target of Rs 94.

According to analyst, the stock can be purchased above Rs 85 with a stop loss below Rs 82.

Mr. Qureishi also said that the investors can achieve the said target within 2-3 trading sessions.

The stock of the company, on Nov 23, closed at Rs 83.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 85.90 and a low of Rs 28 on BSE.

Current EPS & P/E ratio stood at 3.73 and 23.15 respectively.

On the back of heavy demand for its products across all sections, TVS Motor Company has registered a total growth of 48% in its sales during the last month.

The auto company recorded total sales of 195,271 units during the last month as compared to 131,941 units in the same period of last year.

For April to October 2010, cumulative total sales remained at 1,184,065 units.

During October 2010, the company's overall two wheeler sales increased 46% with sales of 191,822 units as compared to 131,029 units recorded during October last year.

For the three month period ended September 30, 2010, TVS Motor Company has recorded 2.23 times growth in its net profit, which stood at Rs 547.80 million from Rs 245.50 million during the same period of 2009.

The company's total income surged 42.95% during the quarter to Rs 16,187.30 million from Rs 11,323.60 million for the quarter ended Sep 2009.