TVS Motor Company is currently trading at Rs. 67.45, up by 0.45 points or 0.67% from its previous closing of Rs. 67.00 on the BSE.
The scrip opened at Rs. 67.25 and has touched a high and low of Rs. 67.55 and Rs. 67.10 respectively. So far 11,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 87.45 on 25-Nov-2010 and a 52 week low of Rs. 43.70 on 09-Feb-2011.
Last one week high and low of the scrip stood at Rs. 70.30 and Rs. 64.15 respectively. The current market cap of the company is Rs. 3,204.00 crore.
The promoters holding in the company stood at 59.31% while Institutions and Non-Institutions held 21.15% and 19.54% respectively.
TVS Motor, county's third-largest two-wheeler maker is likely to invest in the spin-off entity carved out of West Bengal-based Mahabharat Motors Manufacturing, after entering into initial pact with Mahabharat in 2008 for providing technical support to later's plant. With this, TVS will take an improved role in the spin-off entity that makes two-wheelers. The company is looking for regulatory and legal clearances for the same.
The entity will keep the existing staff and workers of Mahabharat Motors and expects to make around 1,000 motorcycles per month initially. Mahabharat's manufacturing plant had commenced production in September 2010.
TVS Motor Company has reported a marginal dip on the total units sold in October. The company sold 1,83,718 units in October this year, down by 5.92% as against 1,95,271 units in the same month last year.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 10143.95 |
| Hero MotoCorp | 5052.00 |
| TVS Motor | 3501.15 |
| Eicher Motors | 7299.00 |
| Ather Energy | 929.30 |
| View more.. | |
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