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TVS Motor inches up on associating with Pilipinas Shell Petroleum Corporation

04 Nov 2020 Evaluate

TVS Motor Company is currently trading at Rs. 467.00, up by 1.65 points or 0.35% from its previous closing of Rs. 465.35 on the BSE.

The scrip opened at Rs. 468.10 and has touched a high and low of Rs. 469.00 and Rs. 463.60 respectively. So far 9289 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 499.45 on 17-Jan-2020 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. 470.70 and Rs. 421.45 respectively. The current market cap of the company is Rs. 22108.18 crore.

The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 32.56% and 10.05% respectively.

TVS Motor Company has associated with Pilipinas Shell Petroleum Corporation. The association will be through the company’s Philippines distributor, Global Automobile Traders FZCO.

As a part of this tie-up, all TVS Motor customers in Philippines will receive Php 700 worth of Shell cards which can be availed in over 1,000 Shell outlets and select Pilipinas Shell Petroleum Corporation retail stores. This partnership aims to improve the ownership experience for both TVS Motor and Pilipinas Shell Petroleum Corporation customers during the upcoming Christmas festive season.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

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