TVS Motor is currently trading at Rs. 389.40, up by 3.85 points or 1.00% from its previous closing of Rs. 385.55 on the BSE.
The scrip opened at Rs. 387.00 and has touched a high and low of Rs. 391.70 and Rs. 384.25 respectively. So far 47447 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 503.00 on 31-Oct-2019 and a 52 week low of Rs. 240.10 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 413.00 and Rs. 381.30 respectively. The current market cap of the company is Rs. 18485.64 crore.
The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 32.57% and 10.04% respectively.
TVS Motor Company expects business environment to remain challenging for most part of the current financial year due to the coronavirus pandemic with chances of some revival only in the later part of the year. The good monsoon this year could lead to growth in the agriculture sector, which may help in reviving the two-wheeler industry.
The company has looked at options to minimise the impact by leveraging opportunity in less-affected countries and by launching new products and leveraging financing solutions for customers.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
