TVS Motor Company is currently trading at Rs. 50.70, up by 0.95 points or 1.91% from its previous closing of Rs. 49.75 on the BSE.
The scrip opened at Rs. 50.15 and has touched a high and low of Rs. 51.20 and Rs. 49.80 respectively. So far 122111 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.50 on 23-Oct-2013 and a 52 week low of Rs. 28.10 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 52.50 and Rs. 45.70 respectively. The current market cap of the company is Rs. 2413.44 crore.
The promoters holding in the company stood at 57.40% while Institutions and Non-Institutions held 20.80% and 21.81% respectively.
TVS Motor Company has increased prices of select motorcycle models by 0.5-1% with effect from October 15, 2013. The company has hiked the prices considering the current economic scenario, depreciation of the rupee and increased costs.
Recently, the company registered 16% increase in total sales in September 2013 which stood at 1,97,409 units as against 1,70,097 units in the same month last year. The company’s total two-wheeler sales stood at 1,89,609 units in the month against 1,65,092 units in the year ago period, up 15%.
TVS Motor Company is the flagship of the $6 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company recently won 'India's Most Trusted Two Wheeler Brand' Award from the Times Group.
