TVS Motor Company has moved higher by 4% to Rs 105, also its record high on the BSE, after two and three-wheeler manufacturer introduced an upgraded variant of its 110cc motorcycle StaR City, the StaR City+, targeted at the mileage conscious customer. Meanwhile, the stock has rallied 20% in past five trading sessions from Rs 87 on April 28, after reporting strong results for the quarter ended March 2014 led by continued momentum on the exports front, strong growth in scooter sales backed by Jupiter, and a favorable product-mix. The benchmark S&P Sensex declined 1% during the same period. Analyst at Angel Broking recommends a Buy rating on the stock with a target price of Rs 107.