TVS Motor Company is currently trading at Rs. 149.50, up by 1.15 points or 0.78 % from its previous closing of Rs. 148.35 on the BSE.
The scrip opened at Rs. 149.15 and has touched a high and low of Rs. 151.30 and Rs. 147.50 respectively. So far 296832 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 174.50 on 03-Jul-2014 and a 52 week low of Rs. 28.10 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 172.00 and Rs. 146.75 respectively. The current market cap of the company is Rs. 7071.67 crore.
The promoters holding in the company stood at 57.40 % while Institutions and Non-Institutions held 22.16 % and 20.44 % respectively.
TVS Motor is planning to launch a new vehicle in every three to four months. Some of the launches were postponed by the company due to success of various new products, launched during last year.
The launch of Scooty Zest, which was scheduled to be launched in June has been postponed to August. This was due to launch of Jupiter, which was a good success and the company is not able to meet the demand. Similarly, the success of Star City has pushed Victor launch to December, while originally it was scheduled in September.
Moreover, the company would look at maintaining this growth momentum. The total two-wheeler industry in India expects to grow by around 11% compared to around 7.4% last year.
On exports front, the company will focus on emerging markets, especially Africa, South America and Indonesia. The company’s Indonesian subsidiary is expected to become cash positive this year.
TVS Motor Company is the flagship of the $7 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company recently won 'India's Most Trusted Two Wheeler Brand' Award from the Times Group.
