Shares of TVS Motor Company, have been having a great run at the bourses since the start of the year. The stock is up over 17% year-to-date.

Even today TVS Motor’s share price hit a new 52-week high of ₹1,267.20. Shares of the company have been on a roll since the company posted its results for the March quarter earlier this month. The company's standalone revenue from operations in the quarter ended March grew 19% year-over-year to ₹6,605 crore. Net profits surged a massive 49% YoY to ₹410 crore.

The company’s strong numbers also impressed brokerages. UBS assigned a ‘buy' call to the stock raising the price target of ₹1,430. JP Morgan also maintained its ‘overweight' rating for the stock with a price target of ₹1,330. Domestic brokerage firm HDFC Securities also assigned a ‘buy’ rating to the stock with a target price of ₹1,342.

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Now, that we have the technicals out of the way, let’s talk money. Here’s what would have happened if you bought TVS shares instead of that Apache last year.

Last year, if you were thinking of buying a TVS Apache RTR 160, you would have spent between ₹1.25 lakh to ₹1.60 lakh or higher, depending on location, model, and other factors. For the purpose of this article, let’s take a base price of ₹1.35 lakh.

Now, let’s imagine that instead of buying an Apache RTR 160, you decided to invest that ₹1.35 lakh in TVS shares on May 24, 2022, when the stock closed at ₹708.85.

In that case, you would have bought approximately 190 shares of the TVS Motor Company (after rounding down to the nearest whole share). Today, the outstanding rally of the stock would value those 190 shares at over ₹2.39 lakh, yielding a return of more than 77% on your initial investment.

Price Action: TVS Motor Company’s share price was up 0.09% to trade at ₹1,262.30 on Wednesday afternoon.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.