How TVS Electronics Turned Rs 10,000 into Rs 1 Lakh in 10 Years: A Multibagger Success Story
TVS Electronics, known for its electronic products and warranty solutions, has seen a dramatic increase in its stock value over the past decade, rising by 1,065%.
If you had invested Rs 10,000 in TVS Electronics’ stock ten years ago, your investment would now be worth Rs 1 lakh, according to ET Markets.
However, recent performance has been mixed. In the last six months, the stock has gained just over 5%, but it’s down about 4% so far this year. Despite this dip, analysts believe the stock could rebound in the near future.
About TVS Electronics
TVS Electronics operates in two main areas:
- Products and Solutions Group (PSG): This division designs, manufactures, and sells various transaction automation products like printers, keyboards, barcode scanners, and other electronic devices.
- Customer Support Services (CSS): This division provides support for both OEMs and end-customers, including repair services, installation help, IT infrastructure management, and more.
Ownership and Financials
The company is mostly owned by its promoters (59.9%), with the public holding the remaining 40.09%. Among public shareholders, there are no major stakes from foreign investors or mutual funds, but retail investors hold about 29% of the stock.
In the latest quarter, TVS Electronics saw its revenue increase to Rs 111 crore from Rs 90 crore a year earlier, but it reported a loss of Rs 1.26 crore compared to a profit last year.
Technical Outlook
According to analysts, the stock has recently tested a key price level (Rs 335 to Rs 330) and formed a “Doji” candlestick pattern, indicating that the recent downtrend might be slowing. The Relative Strength Index (RSI), a momentum indicator, suggests that the stock could continue to rise.
Investment Advice
Analyst Mileen Vasudeo from Arihant Capital recommends buying the stock at its current price of Rs 345, with a stop-loss at Rs 320 and a target price between Rs 395 and Rs 420 over the next few weeks.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
