TVS Motor Company rose 1.48% to Rs 78.65 at 9:43 IST on BSE after the company said its total sales rose 6% to 186,313 units in January 2014 over January 2013.
The company announced the sales numbers on Saturday, 1 February 2014.
Meanwhile, the S&P BSE Sensex was down 94.37 points or 0.46% at 20,419.48.
On BSE, so far 1.28 lakh shares were traded in the counter as against average daily volume of 3.75 lakh shares in the past one quarter.
The stock hit a high of Rs 80.40 and a low of Rs 77.60 so far during the day. The stock had hit a 52-week high of Rs 82.35 on 3 January 2014. The stock had hit a 52-week low of Rs 28.10 on 31 July 2013.
The stock had outperformed the market over the past one month till 31 January 2014, rising 2.04% compared with the Sensex's 3.1% fall. The scrip had also outperformed the market in past one quarter, advancing 52.86% as against Sensex's 3.07% fall.
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The mid-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company's total exports surged 39% to 28,875 units in January 2014 over January 2013. Two wheeler exports registered a growth of 35% to 23,438 units in January 2014 over January 2013.
Total two wheeler sales increased 5% to 179,576 units in January 2014 over January 2013. Domestic two wheeler sales accounted for 156,138 units in January 2014 as against 154,107 units registered in January 2013.
Scooters sales grew 19% to 45,198 units in January 2014 over January 2013. Motorcycles sales grew marginally increasing from 64,555 units in January 2013 to 65,449 units in January 2014.
Three wheeler sales surged 52% to 6,737 units in January 2014 over January 2013.
TVS Motor Company's net profit surged 31.2% to Rs 68.80 crore on 12.9% growth in net sales to Rs 2034.71 crore in Q3 December 2013 over Q3 December 2012.
TVS Motor Company is one of the leading two-wheeler manufacturers in India.
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