TVS Motor Company rose 4.74% to Rs 287.15 at 9:46 IST on BSE after the company said it recorded 14% growth in total sales to 2.74 lakh units in October 2015 over October 2014.
The announcement was made after market hours yesterday, 2 November 2015.
Meanwhile, the BSE Sensex was up 131.27 points, or 0.49%, to 26,690.42.
On BSE, so far 2.33 lakh shares were traded in the counter, compared with an average volume of 3.04 lakh shares in the past one quarter.
The stock hit a high of Rs 288 and a low of Rs 276.30 so far during the day. The stock hit a record high of Rs 322.30 on 19 January 2015. The stock hit a 52-week low of Rs 201 on 24 August 2015.
The stock had outperformed the market over the past one month till 2 November 2015, rising 19.40% compared with 1.29% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.21% as against Sensex's 5.53% decline.
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The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.
The company's total exports grew by 20% to 41,682 units in October 2015. Two wheeler exports grew by 18% to 32,621 units in October 2015 over October 2014.
Total two wheeler sales grew 14% to 264,112 units in October 2015 over October 2014. Domestic two wheeler sales of the company grew 13% to 231,491 units in October 2015 over October 2014. Scooters sales of the company grew by 30% to 91,430 units in October 2015 over October 2014. Motorcycles sales grew by 17% to 106,175 units in October 2015 over October 2014.
Three wheeler sales of the company rose 16% to 10,510 units in October 2015 over October 2014.
Net profit of TVS Motor Company rose 22.78% to Rs 116.41 crore on 8.61% rise in net sales to Rs 2845.28 crore in Q2 September 2015 over Q2 September 2014.
TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.
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