Shares of two-wheeler manufacturer TVS Motor Company jumped 14 per cent in early trade on the Bombay Stock Exchange, ahead of its third quarter earnings to be announced today.
Shares of TVS Motor Company started the day on a robust note and zoomed by 14 per cent to touch an early-high of Rs 70 a piece on the Bombay Stock Exchange.
However, on the National Stock Exchange, the scrip saw a moderate jump of 4.48 per cent to quote at Rs 64 during the first half of the trade.
Analysts said that hopes of impressive October-December quarter results by the company boosted the investor sentiment.
"TVS Motor is slated to announce its third quarter results. We expect the company's top line to grow by strong 44 per cent yoy to Rs 15.45 billion, led by 40 per cent yoy growth in volumes and higher realisation," Angel Broking said in a report.
Meanwhile, the BSE 30-share benchmark Sensex was trading weak at 18,841.40, down 136.92 pints at 1210 hours.