TVS Srichakra zooms on lining up Rs 1000 crore expansion program

08 Dec 2020 Evaluate

TVS Srichakra is currently trading at Rs. 1720.00, up by 105.00 points or 6.50% from its previous closing of Rs. 1615.00 on the BSE.

The scrip opened at Rs. 1631.55 and has touched a high and low of Rs. 1760.00 and Rs. 1590.00 respectively. So far 13055 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1862.75 on 17-Jan-2020 and a 52 week low of Rs. 760.00 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1760.00 and Rs. 1544.95 respectively. The current market cap of the company is Rs. 1297.56 crore.

The promoters holding in the company stood at 45.36%, while Institutions and Non-Institutions held 6.52% and 48.11% respectively.

TVS Srichakra has planned capital expenditure of Rs 1000 crore to ramp up manufacturing in its Madurai and Pantnagar plants. This investment is planned to be made over a three year period. The investment, when fully made, will result in an increase in 2 & 3 wheeler tyre capacity by 25-30% and doubling of off-highway tyre capacity from current levels. The investment is planned to be funded by a mix of debt and internal accruals.

TVS Srichakra is a leading Indian manufacturer of 2 & 3 wheeler and off-highway tyres.

TVS Srichakra Share Price

3937.65 -45.95 (-1.15%)
28-Mar-2024 14:22 View Price Chart
Peers
Company Name CMP
MRF 133521.05
Apollo Tyres 466.40
CEAT 2688.00
Balkrishna Inds. 2310.45
JK Tyres & Inds. 431.25
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