TVS Motor surges 6%, nears 52-week high after huge block deal

Shares of TVS Motor Company were up 6 per cent at Rs 662.85 on the National Stock Exchange (NSE) in intra-day trade on Monday after more than a five per cent stake of the two-wheeler (2-Ws) company changed hands via a block deal. The stock was trading close to its 52-week high level of Rs 666 touched on May 27, 2021.

Around 24.4 million shares, representing 5.13 per cent of the total equity of TVS Motor Company, worth Rs 1,506 crore changed hands via block deal on the NSE, the exchange data shows. The block deal was executed at a price