TVS Motor hits fresh 52-week high ahead of Q3 results on Thursday

In the past three months, stock of the two-wheeler company outperformed the market by surging 28 per cent, after it reported healthy operational performance in the July-September quarter of FY21

Shares of TVS Motor Company hit a fresh 52-week high of Rs 555, up 2 per cent, on the BSE on Wednesday ahead of its December quarter results (Q3FY21) on Thursday. The stock bounced back 4 per cent from its intra-day low of Rs 536.

The stock saw huge activities with trading volumes jumping over four-fold today. A combined around 7.4 million equity shares changing hands on the NSE and BSE till 12:10 pm. In comparison, the S&P BSE Sensex was down 1 per cent at 47,820 points, while the S&P BSE Auto index was down 0.16 per cent at 23,474