TVS Motor Company rose 1.77% to Rs 333.30 at 11:47 IST on BSE after the company reported 20% increase in total sales to 2.74 lakh units in August 2016 over August 2015.
The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.Meanwhile, the S&P BSE Sensex was up 75.07 points, or 0.26%, to 28,498.55
On BSE, so far 1.59 lakh shares were traded in the counter, compared with average daily volume of 1.71 lakh shares in the past one quarter. The stock hit a high of Rs 339.90 and a low of Rs 331.65 so far during the day. The stock hit a record high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 215.15 on 8 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 10.1% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 10.23% as against Sensex's 5.89% rise.
The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company's total two-wheeler sales rose 23.5% to 2.67 lakh units in August 2016 over August 2015. Domestic two-wheeler sales rose 30.1% to 2.38 lakh units in August 2016 over August 2015. Scooter sales rose 5.1% to 76,572 units in August 2016 over August 2015. Motorcycle sales rose 31.2% to 1.14 lakh units in August 2016 over August 2015. Three-wheeler sales fell 38.99% to 6,633 units in August 2016 over August 2015. Total exports fell 19.9% to 34,097 units in August 2016 over August 2015. Exports of two-wheelers fell 13.41% to 28,686 units in August 2016 over August 2015.
TVS Motor Company's net profit rose 21.15% to Rs 121.25 crore on 12.15% growth in net sales to Rs 2852.59 crore in Q1 June 2016 over Q1 June 2015.
More From This Section
TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.
Powered by Capital Market - Live News