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TVS Electronics is currently trading at Rs. 23.20, up by 2.70 points or 13.17% from its previous closing of Rs. 20.50 on the BSE.
The scrip opened at Rs. 20.50 and has touched a high and low of Rs. 23.35 and Rs. 20.50 respectively. So far 19126 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.00 on 9-Nov-2010 and a 52 week low of Rs. 17.20 on 25-Oct-2011.
Last one week high and low of the scrip stood at Rs. 23.35 and Rs. 19.50 respectively. The current market cap of the company is Rs. 36.23 crore.
The promoters holding in the company stood at 59.72% while Institutions and Non-Institutions held 0.38% and 39.90% respectively.
TVS Electronics has received an approval to acquire certain growth business of TVS-E Servicetec together with customer contracts, assets, systems and processes and other rights, subject to requisite consents effective October 01, 2011. The board at its meeting held on November 10, 2011 has approved for the same.
As part of its growth initiatives, the company in addition to its existing product portfolio of transaction automation products will provide one stop shop for its customers offering end to end products, services, solutions and support. The company has over the years built service and support infrastructure in this direction.
Earlier, the company had informed vide its letter dated July 23, 2011, the steps it proposed to take for its growth strategy like building solution and services capabilities, for providing enterprise solutions and managed services to customers in sectors like banking, financial services, retail, hospitality, healthcare, etc.
Both companies are part of TVS Investments - belonging to the $3.5 billion Japan-based TVS group. TVS Electronics started as an IT peripherals maker and has transformed into an IT transaction solution provider and business process outsourcing partner.
TVS-E Servicetec stemmed from providing warranty and post warranty support for the TVS Electronics range of computer peripheral products. The company later expanded to installation and support of products like cellphones, point of sales devices, desktops, laptops, credit card terminals, ATMs, petro-station automation projects and telecom base station projects.
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| Amrapali Industries | 14.25 |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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