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TVS Motor Company gains on reporting 7% jump in April sales

02 May 2012 Evaluate

TVS Motor Company is currently trading at Rs. 41.40, up by 0.40 points or 0.98% from its previous closing of Rs. 41.00 on the BSE.

The scrip opened at Rs. 42.05 and has touched a high and low of Rs. 42.05 and Rs. 41.25 respectively. So far 80,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 70.30 on 31-Oct-2011 and a 52 week low of Rs. 37.00 on 29-Mar-2012.

Last one week high and low of the scrip stood at Rs. 42.05 and Rs. 38.10 respectively. The current market cap of the company is Rs. 1,966.00 crore.

The promoters holding in the company stood at 59.31% while Institutions and Non-Institutions held 19.14% and 21.55% respectively.

Two-wheeler and three-wheeler manufacturer TVS Motor Company has closed April with a 7% growth in sales volume in the domestic market as compared to the corresponding period of 2011. The company registered 151,181 units in April 2012 against 141,619 units in April 2011 in India.

Including exports, the company's total sales grew by 4% in April 2012 with sales of 174,455 units compromising 171,551 unit two-wheelers and 2,904 unit three-wheelers against 167,744 units compromising 164,183 unit two wheelers and 3,561 unit three-wheelers registered in April 2011.

Recently, the company had inked a memorandum of understanding with Central Bank of India to offer loan for the former’s three wheeler TVS King. As per the agreement the bank would offer 90 percent funding to TVS King customers in all 4,000 branches of the bank.

TVS Motor Share Price

3692.45 -14.40 (-0.39%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 10710.85
Hero MotoCorp 5321.50
TVS Motor 3692.45
Eicher Motors 7300.10
Ather Energy 915.00
View more..

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