TVS Motor Company is currently trading at Rs. 38.90, up by 2.30 points or 6.28% from its previous closing of Rs. 36.60 on the BSE.
The scrip opened at Rs. 36.55 and has touched a high and low of Rs. 39.45 and Rs. 36.50 respectively. So far 663495 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. 31.90 on 04-Jun-2012.
Last one week high and low of the scrip stood at Rs. 39.45 and Rs. 34.80 respectively. The current market cap of the company is Rs. 1812.46 crore.
The promoters holding in the company stood at 59.31% while Institutions and Non-Institutions held 19.14% and 21.55% respectively.
TVS Motor Company is reportedly in talks with premium German auto-maker BMW’s motorcycle division -- BMW Motorrad -- for a tie up. The partnership will involve technological pact between the two and may extend to joint marketing. The company will source technological know-how of BMW for developing high-end motorcycles.
BMW Motarrad owns the Husqvarna brand besides its own motorcycles while, TVS Motor has plants in Hosur (Tamil Nadu), Mysore (Karnataka) and Nalagarh (Himachal Pradesh), apart from Karawang in Indonesia.
Recently, Hero MotoCorp has also announced a technology tie-up with US-based motorcycling company, Erik Buell Racing Llc. (EBR) for engines while, Pune-based Bajaj Auto has a 47% stake in Austrian bike maker KTM.
Company Name | CMP |
---|---|
Bajaj Auto | 9721.55 |
Hero MotoCorp | 5570.00 |
TVS Motor | 2397.75 |
Eicher Motors | 4745.65 |
Atul Auto | 540.50 |
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