Stock market analyst Mitesh Thacker is of the view that investors can buy TVS Motors stock to achieve an intraday target between Rs 96-99.

According to him, investors can purchase the stock with a strict stop loss of Rs 83.50.

The stock of the company, on April 20, closed at Rs 86.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 89.10 and a low of Rs 24.20 on BSE.

Current EPS & P/E ratio stood at 3.56 and 24.78 respectively.

The third major two-wheeler maker in the country, TVS Motor will declare its Q4FY10 results today.

According to reports, the bottom-line is likely to increase by 2.38 times y-o-y to Rs 348 million.

Moreover, the company's top-line to go up by 39% y-o-y owing to around 27.8% y-o-y increase in volumes and higher realizations.

On the operating front, the EBITDA margin is projected to swell by 264 bp y-o-y to 6.1%.

On April 01, TVS Motor Company announced that it has recorded an increase of 24% during the last month. Major contributions across all sections has resulted in total two wheeler sales of 146,736 units.

Cumulative growth during the period April 2009 to March 2010 was 15%, with 1,521,912 units as compared to 1,325,754 units in the same period of the last year.

The company's three wheeler business also remained up during the last month than over the same period of 2009.

Domestic sales increased by 25% recording sales of 126,669 units in March 2010 as against 101,660 units registered in March 2009.