Hello Investors,
As many of my followers know, in the past, I recommended TVS Motors when it was at Rs 40.00. What was the reason when most analysts were pointing TVS as junk, Shah Stocks saw a ray of hope in TVS Motors?
Shah Stocks saw a company making a comeback with lots of things changing in the company. The technicals as well, were very much favorable. To tell the trurth, at that time even I wasn't expecting such huge returns. Rs 530 now, a true multibagger in real sense. I felt, it would be good even if the company reached level of Rs 150.00, but rest is the history.
Coming to the main point, Shah Stocks is amongst the first few who gave investment idea in LML, when it was at Rs 7.00. So why I am betting on LML, are there any chances of revival of the one time great LML, which used to compete the legendary BAJAJ.
LML in last few years have tried a lot many things, but it hasnt been able to make a comeback till now. Sole reason I feel, LML had a habit of Tie-up and it was successful only when Piaggio was attached to it. It tried its luck in 2 wheeler bikes with SHAHRUKH KHAN as an brand ambassador. Though everything was a foul play. They couldn't penetrate the market. Service was not that pleasing either. As a matter of fact, the company didnt changed its ideologies with changing time and it wasnt able to know what a customer requires.
Now, LML is again trying a comeback, with a product called BUDDY which is surely unique and according to me, there is no other product in this segment, meaning there can be a whole new market that LML can cover. Just like few years back, a segment of LUV came in Car industry.
No other auto company has found a huge gap between 3 wheelers. (Famous as CHHOTA HAATHI mini truck and manual 3 wheeler cycle) BUDDY is a product which will bridge this gap.
You can check the section of LML Buddy here for more details.
http://lml3wheelers.com/
Again, the technicals of LML are in great support of the upmove that we saw. Consolidation phase is going on and we can expect a great great upmove from here on. All they have to do is market the product properly. All the other things have already been in support.
I became more sure when one of my close friend visited Ahmedabad for an Auto Expo and he himself saw the preparation of LML in coming months. Keep the Fingers crossed. There is a huge probability of LML turning into a MULTIBAGGER. SHAH STOCKS wishes LML all the best for the upcoming products and hoping to see those golden days back for the company.
NOTE: Shah Stocks has done its research before posting any recommendation, but its always advisable for any individual to research or consult its investment advisor and then invest in any stock. Shah Stocks is not responsible for any loss, if incurred by the investor.
