TVS Motor Company jumped 5.71% to Rs 38.90 at 13:40 IST on BSE after the company said its total sales rose 16% to 1.97 lakh units in September 2013 over September 2012.
The company announced the monthly sales data during trading hours today, 1 October 2013.
Meanwhile, the BSE Sensex was up 93.56 points, or 0.48%, to 19,473.33.
On BSE, 25.01 lakh shares were traded in the counter compared with average volume of 1 lakh shares in the past one quarter.
The stock hit a high of Rs 40.30 and a low of Rs 37.10 so far during the day. The stock hit a 52-week high of Rs 50.25 on 11 January 2013. The stock hit a 52-week low of Rs 28.10 on 31 July 2013.
The stock had outperformed the market over the past one month till 30 September 2013, rising 20.66% compared with the Sensex's 4.08% rise. The scrip had also outperformed the market in past one quarter, gaining 12.20% as against Sensex's 0.08% decline.
The small-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 15% to 1.89 lakh units in September 2013 over September 2012. Domestic two-wheeler sales rose 13% to 1.68 lakh units in September 2013 over September 2012. Motorcycles sales jumped 30% to 83,043 units in September 2013 over September 2012. Scooters sales rose 8% to 43,201 units in September 2013 over September 2012. The company's three-wheeler sales jumped 56% to 7,800 units in September 2013 over September 2012.
The company's total exports jumped 47% to 27,577 units in September 2013 over September 2012. Exports of two wheelers jumped 32% to 21,011 units in September 2013 over September 2012.
TVS Motor strengthened its scooter portfolio with the launch of TVS Jupiter in September 2013. TVS Jupiter is targeted at the male customer. The metal bodied TVS Jupiter is powered by a next generation noise-free, all-aluminum, low-friction engine that delivers an amazing mix of power, superior acceleration and best in class fuel efficiency, the company said in a statement. TVS Jupiter delivers high performance ride quality and superior ride comfort making it a perfect, sensible runabout, TVS Motor said.
TVS Motor Company's net profit rose 1.5% to Rs 51.87 crore on 4.4% decline in net sales to Rs 1740.19 crore in Q1 June 2013 over Q1 June 2012.
TVS Motor Company is one of the leading two-wheeler manufacturer in India.
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