TVS Motor declines despite reporting 21% rise in Q1 net profit

TVS Motor Company is currently trading at Rs 289.70, down by 10.95 points or 3.64% from its previous closing of Rs 300.65 on the BSE.

The scrip opened at Rs. 305.00 and has touched a high and low of Rs. 314.75 and Rs. 289.40 respectively. So far 1282591 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.90 on 20-Apr-2016 and a 52 week low of Rs. 201.00 on 24-Aug-2015.

Last one week high and low of the scrip stood at Rs 314.75 and Rs 289.40 respectively. The current market cap of the company is Rs 13920.05 crore.

The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 29.78% and 12.82% respectively.

TVS Motor Company has reported 21.15% rise in its net profit at Rs 121.25 crore for the quarter ended June 30, 2016 as compared to Rs 100.08 crore for the same quarter in the previous year. The company’s total income increased by 12.41% to Rs 2917.11 crore for the quarter under review from Rs 2595.10 crore for the corresponding quarter of the previous year.

TVS Motor Company is engaged in manufacturing of two-wheeler vehicles. Its products include automobile component, components distribution, powered two-wheelers, computer peripherals, financial services, contract manufacturing services and software development.