TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market

Indian electronics industry is estimated to grow at a CAGR of 25 per cent from Rs 8.72 trillion in FY21 to Rs 26.5 trillion in FY25, the company said

Shares of TVS Electronics hit a 52-week high of Rs 344.6, surging 18 per cent on the BSE in Wednesday's intra-day trade, supported by heavy volumes in an otherwise weak market.

The stock of computers hardware & equipments company surpassed its previous high of Rs 333, touched on September 2, 2022. Average trading volumes on the counter jumped eight-fold today with a combined 1.36 million shares, representing 7 per cent of total equity of TVS Electronics, having changed hands on the NSE and BSE till 01:43 PM. In comparison, the S&P BSE Sensex was down 0.73 per cent at