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TVS Srichakra surges on acquiring stake in Clean Max Genesis

26 Dec 2023 Evaluate

TVS Srichakra is currently trading at Rs. 4676.45, up by 127.80 points or 2.81% from its previous closing of Rs. 4548.65 on the BSE.

The scrip opened at Rs. 4575.65 and has touched a high and low of Rs. 4753.35 and Rs. 4575.65 respectively. So far 501 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5094.95 on 29-Nov-2023 and a 52 week low of Rs. 2454.15 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 4753.35 and Rs. 4400.10 respectively. The current market cap of the company is Rs. 3587.71 crore.

The promoters holding in the company stood at 45.70%, while Institutions and Non-Institutions held 3.89% and 50.41% respectively.

TVS Srichakra has made an investment of Rs 6,660 and acquired 666 Equity Shares in the Equity Share Capital of M/s Clean Max Genesis (CMGPL) at face value of Rs 10 each, which represents 6.60% of the paid-up Equity Share Capital of CMGPL. The object of acquiring the shares of CMGPL by the Company is to purchase solar power under Group Captive mode.

TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.

TVS Srichakra Share Price

3951.80 16.10 (0.41%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139281.55
Apollo Tyres 441.50
CEAT 3796.75
Balkrishna Inds. 2284.55
JK Tyres & Inds. 419.15
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