TVS Electronics Ltd.

TVS Electronics is currently trading at Rs. 37.50, up by 1.45 points or 4.02% from its previous closing of Rs. 36.05 on the BSE.

The scrip opened at Rs. 36.00 and has touched a high and low of Rs. 38.50 and Rs. 35.50 respectively. So far 4728 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.20 on 12-Sep-2014 and a 52 week low of Rs. 12.61 on 03-Apr-2014.

Last one week high and low of the scrip stood at Rs. 38.50 and Rs. 31.15 respectively. The current market cap of the company is Rs. 67.04 crore.

The promoters holding in the company stood at 62.17% while Institutions and Non-Institutions held 0.37% and 37.46% respectively.

TVS Electronics has decided to enter into agreements and appropriate business arrangements with mobile manufacturing companies or wholesale distributors, for order fulfillment services whenever such opportunities arise. This step has been taken by the company with a view to broad base its product business.

While these services could enhance revenues substantially, the net margins on such activities are expected to be very thin. The company believes that such opportunities provide good collateral business benefits for repair and warranty management services for these products in the medium to long term.

TVS Electronics is a market leader in the Dot Matrix Printer and is well established in sale and services of Point of Sale products. The company is also a leader in providing Warranty and Repair Management Services to reputed brand owners in Information Technology, Banking and Mobile Communications segments.