TVS Motor Company is currently trading at Rs. 58.30, up by 0.70 points or 1.22% from its previous closing of Rs. 57.60 on the BSE.
The scrip opened at Rs. 58.00 and has touched a high and low of Rs. 58.65 and Rs. 57.45 respectively. So far 2,28,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 84.00 on 02-Dec-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. 63.40 and Rs. 57.00 respectively. The current market cap of the company is Rs. 2,769.00 crore.
The promoters holding in the company stood at 59.31% while Institutions and Non-Institutions held 21.15% and 19.54% respectively.
Dena Bank has signed Memorandum of Understanding (MoU) with TVS Motor Company for financing three wheelers. The said MOU will help the bank to increase their finance to Priority sector advances besides achieving the social objective of the Bank to provide collateral free loan to Micro and Small Enterprises throughout the country.
The bank will provide loan upto 90% of the cost of vehicle (on road) to eligible borrowers on merits for purchase of TVS 3 wheeler passenger auto rickshaws at a very attractive rate of interest. On the day of signing of MOU, the bank has given in-principle clearance for 101 proposals for purchase of TVS ‘King’ 3 wheelers.
TVS Motor has pan India presence and with this tie up they will be able to increase their market share especially in the states of Gujarat and Maharashtra, where Dena Bank is having very strong presence.
Company Name | CMP |
---|---|
Bajaj Auto | 8966.30 |
Hero MotoCorp | 5178.70 |
TVS Motor | 2252.10 |
Eicher Motors | 4774.45 |
Atul Auto | 515.75 |
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