TVS Motor is currently trading at Rs. 43.90, up by 1.65 points or 3.91% from its previous closing of Rs. 42.25 on the BSE.
The scrip opened at Rs. 42.45 and has touched a high and low of Rs. 44.20 and Rs. 42.35 respectively. So far 3, 54,000 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. 31.90 on 04-Jun-2012.
Last one week high and low of the scrip stood at Rs. 44.20 and Rs. 41.55 respectively. The current market cap of the company is Rs. 2,085 crore.
The promoters holding in the company stood at 59.31% while Institutions and Non-Institutions held 18.33% and 22.36% respectively.
In a bid to increase its market share by three percent, TVS Motor Company, third largest two-wheeler manufacturer in India is planning to launch a new product every three months. Moreover, the company will launch five new products by the end of 2013.
Recently, the company rolled out its second 125cc motorcycle - TVS Phoenix. The company’s first 125cc motorcycle was TVS Flame, which was introduced few years back.
TVS sells Star City, Sport, Max 4R in the entry level segment and auto-clutch TVS Jive while Apache RTR 160 and 180cc in the premium segment. The company also sells scooterette Streak, Scooty, Wego and three-wheeler TVS King in India.
