TVS Motor Company rose 1.77% to Rs 333.30 at 11:47 IST on BSE after the company reported 20% increase in total sales to 2.74 lakh units in August 2016 over August 2015.
The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.Meanwhile, the S&P BSE Sensex was up 75.07 points, or 0.26%, to 28,498.55
On BSE, so far 1.59 lakh shares were traded in the counter, compared with average daily volume of 1.71 lakh shares in the past one quarter. The stock hit a high of Rs 339.90 and a low of Rs 331.65 so far during the day. The stock hit a record high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 215.15 on 8 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 10.1% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 10.23% as against Sensex's 5.89% rise.
The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company's total two-wheeler sales rose 23.5% to 2.67 lakh units in August 2016 over August 2015. Domestic two-wheeler sales rose 30.1% to 2.38 lakh units in August 2016 over August 2015. Scooter sales rose 5.1% to 76,572 units in August 2016 over August 2015. Motorcycle sales rose 31.2% to 1.14 lakh units in August 2016 over August 2015. Three-wheeler sales fell 38.99% to 6,633 units in August 2016 over August 2015. Total exports fell 19.9% to 34,097 units in August 2016 over August 2015. Exports of two-wheelers fell 13.41% to 28,686 units in August 2016 over August 2015.
TVS Motor Company's net profit rose 21.15% to Rs 121.25 crore on 12.15% growth in net sales to Rs 2852.59 crore in Q1 June 2016 over Q1 June 2015.
TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.
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