TVS Motor Company rose 1.31% to Rs 263 at 12:00 IST on BSE after the company said its total sales jumped 22% to 2.41 lakh units in October 2014 over October 2013.
The sales numbers were announced yesterday, 2 November 2014.
Meanwhile, the S&P BSE Sensex was down 19.57 points or 0.07% at 27,846.26.
On BSE, so far 2.43 lakh shares were traded in the counter as against average daily volume of 5.73 lakh shares in the past one quarter.
The stock hit a high of Rs 266.55 so far during the day, which is a record high for the counter. The stock hit a low of Rs 262 so far during the day. The stock had hit a 52-week low of Rs 46.70 on 12 November 2013.
The stock had outperformed the market over the past one month till 31 October 2014, surging 13.76% compared with Sensex's 4.64% rise. The scrip had also outperformed the market in past one quarter, galloping 76.36% as against Sensex's 7.61% rise.
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The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Rs 1.
TVS Motor Company (TVS Motor)'s total two wheeler sales increased by 22% to 2.31 lakh units in October 2014 over October 2013. Domestic two wheeler sales grew by 18% to 2.04 lakh units in October 2014 over October 2013. Scooters sales grew by 68% to 70,571 units in October 2014 over October 2013. Motorcycles sales grew by 10% to 90,779 units in October 2014 over October 2013.
The company's three wheeler sales rose 14% to 9,054 units in October 2014 over October 2013.
Total exports surged 51% to 34,855 units in October 2014 over October 2013. Two-wheeler exports grew by 65% to 27,696 units in October 2014 over October 2013.
TVS Motor Company's net profit jumped 39.4% to Rs 72.32 crore on 30.1% growth in net sales to Rs 2263.21 crore in Q1 June 2014 over Q1 June 2013. The company unveils Q2 September 2014 results on 14 November 2014.
TVS Motor Company is one of the leading two-wheeler manufacturers in India. With presence in more than 60 countries across the globe, TVS Motor Company is the second largest exporter of two wheelers and three wheelers from India. The company has grown to be a strong brand name in Asia, Latin America and Africa with popular products in the two and three wheeler segments.
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