TVS Motor Company is currently trading at Rs. 83.45, up by 1.00 points or 1.21% from its previous closing of Rs. 82.45 on the BSE.
The scrip opened at Rs. 82.45 and has touched a high and low of Rs. 84.30 and Rs. 82.30 respectively. So far 109612 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.20 on 05-Feb-2014 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. 84.30 and Rs. 80.05 respectively. The current market cap of the company is Rs. 3962.23 crore.
The promoters holding in the company stood at 57.40% while Institutions and Non-Institutions held 21.05% and 21.55% respectively.
TVS Motor Company has reduced prices in range between Rs 850 and Rs 3500 on the entire range of two and three wheeler models. The move came in after excise duty on automobiles was reduced in the Interim Budget.
Finance Minister P. Chidambaram, on February 17, cut excise duty to 8 per cent from 12 per cent for small cars, scooters, motorcycles and commercial vehicles; 24 per cent from 30 per cent for SUVs; 20 per cent for mid-sized cars from 24 per cent and 24 per cent for large cars from 27 per cent.
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.
