TVS Motor soars 10% on highest-ever revenue, EBITDA in Q2

TVS board approved the incorporation of a subsidiary to undertake the electric mobility business

Shares of TVS Motor Company soared 10 per cent to Rs 632.85 on the BSE in Friday’s intra-day trade on back of heavy volume after the company reported highest ever revenue, earnings before interest, tax, depreciation and amortization (ebitda) for the quarter ended September 2021 (Q2FY22).

The stock of two and three-wheeler manufacture had hit 52-week high of Rs 665.70 on May 27, 2021. At 10:35 am, it was trading at Rs 617.50, up 7 per cent on the BSE, as compared to 0.65 per cent rise in the S&P BSE Sensex. The trading volume at the counter more