Shares of TVS Motor Company fell 3.5% to the day’s low of Rs 1,932.45 on the NSE in Thursday’s early trade after brokerages retained their rating on the stock despite December quarter earnings beating estimates. Brokerage firms Goldman Sachs and BofA retained a ‘Neutral’ stance, and Kotak Institutional Equities reiterated its ‘Sell’ call. Meanwhile, Nuvama maintained a buy view expecting the company’s outperformance to continue. TVS Motor Company on Wednesday reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets.