TVS Motor Company surged 3.25% to Rs 236.60 at 12:49 IST on BSE after the company said its total sales rose 36% to 2.20 lakh units in November 2014 over November 2013.
The announcement was made during market hours today, 1 December 2014.
Meanwhile, the S&P BSE Sensex was up 27.27 points or 0.1% at 28,721.26.
On BSE, so far 2.46 lakh shares were traded in the counter as against average daily volume of 5.27 lakh shares in the past one quarter.
The stock hit a high of Rs 239.45 and a low of Rs 231 so far during the day. The stock had hit a record high of Rs 266.55 on 3 November 2014. The stock had hit a 52-week low of Rs 52.05 on 11 December 2013.
The stock had underperformed the market over the past one month till 28 November 2014, declining 9.43% compared with the Sensex's 6.75% rise. The stock had, however, outperformed the market in past one quarter, jumping 22.97% as against Sensex's 7.72% rise.
The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Rs 1.
TVS Motor Company's total two wheeler sales rose 36% to 2.10 lakh units in November 2014 over November 2013. Domestic two wheeler sales rose 33% to 1.79 lakh units in November 2014 over November 2013.
Scooters sales jumped 62% to 62,223 units in November 2014 over November 2013. Motorcycles sales rose 41% to 86,424 units in November 2014 over November 2013.
Three wheeler sales rose 44% to 9,067 units in November 2014.
TVS Motor's total exports rose 55% to 39,215 units in November 2014 over November 2013. Two wheeler exports rose 55% to 31,526 units in November 2014 over November 2013.
TVS Motor Company's net profit rose 6.7% to Rs 94.81 crore on 34.3% growth in net sales to Rs 2635.46 crore in Q2 September 2014 over Q2 September 2013.
TVS Motor Company is one of the leading two-wheeler manufacturers in India. With presence in more than 60 countries across the globe, TVS Motor Company is the second largest exporter of two wheelers and three wheelers from India. The company has grown to be a strong brand name in Asia, Latin America and Africa with popular products in the two and three wheeler segments.
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