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TVS Motor gains on partnering with Abans Auto for Three-Wheeler exports to Sri Lanka

30 Jun 2017 Evaluate

TVS Motor Company is currently trading at Rs. 546.75, up by 2.15 points or 0.39% from its previous closing of Rs. 544.60 on the BSE.

The scrip opened at Rs. 545.90 and has touched a high and low of Rs. 550.75 and Rs. 542.00 respectively. So far 38056 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 565.00 on 02-Jun-2017 and a 52 week low of Rs. 285.85 on 27-Jul-2016.

Last one week high and low of the scrip stood at Rs. 550.75 and Rs. 524.70 respectively. The current market cap of the company is Rs. 26049.03 crore.

The promoters holding in the company stood at 57.40%, while institutions and non-institutions held 30.99% and 11.61% respectively.

TVS Motor Company, a leading two-wheeler and three-wheeler manufacturer in India, has entered into partnership with Abans Auto a leading distributor in Sri Lanka. Through this tie-up, TVS King, the 200 cc passenger three-wheeler, will be launched in the Sri Lankan market.

As a part of the agreement, the Company will leverage Abans Auto’s network of over 200 showrooms and appointed dealers in strategic locations around Sri Lanka. Furthermore, Abans Finance will provide finance schemes to the customers of TVS Motor Company at affordable rates.

Peers
Company Name CMP
Bajaj Auto 9713.00
TVS Motor Company 3904.85
Hero MotoCorp 4876.35
Eicher Motors 6855.35
OLA Electric Mobilit 33.36
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