Stocks of TVS Motor Company today gained over 4 per cent after the company reported 73.67 per cent increase in profit after tax for the fourth quarter ended March 31, 2015.
The scrip surged 4.31 per cent to settle at Rs 237.35 on the BSE. In intra-day, it moved up by 5.47 per cent to Rs 240.
At the NSE, the stock climbed 3.92 per cent to end at Rs 236.95.
In terms of volume, 8.95 lakh shares of the company changed hands at the BSE and over 57 lakh shares were traded at the NSE during the day.
TVS Motor reported 73.67 per cent increase in profit after tax at Rs 90.52 crore for the fourth quarter ended March 31, 2015, riding on back of new launches.
Net sales of the company rose by 13.8 per cent to Rs 2,456.85 crore in the fourth quarter, compared to Rs 2,159.79 crore in the same period of previous fiscal.
