TVS Motor extends rally on hopes of tie-up with BMW
The company is in talks with German Auto-maker, BMW's Motorcycle Division, BMW Motorrad for a technology tie up.
TVS Motor Company has surged almost 6% to Rs 38.35, extending its three-day rally, on back of heavy volumes after the company confirmed that it is in talks with German Auto-maker, BMW for a technology tie up.
The stock opened at Rs 36.85 on BSE and has seen a combined 1.42 million shares changing hands on the counter till 0938 hours against an average around 1.2 million shares that were traded daily in past two weeks on BSE and NSE.
The stock of two-wheeler manufacture has rallied 20% in past four trading sessions on BSE compared to 3% fall in benchmark Sensex and 1.5% fall in auto index.
On April 3, in a BSE filing, TVS Motor Company said the company is in talks with German Auto-maker, BMW's Motorcycle Division, BMW Motorrad for a technology tie up and that the Company will keep the exchanges informed once finality is reached in this regard.
The stock opened at Rs 36.85 on BSE and has seen a combined 1.42 million shares changing hands on the counter till 0938 hours against an average around 1.2 million shares that were traded daily in past two weeks on BSE and NSE.
The stock of two-wheeler manufacture has rallied 20% in past four trading sessions on BSE compared to 3% fall in benchmark Sensex and 1.5% fall in auto index.
On April 3, in a BSE filing, TVS Motor Company said the company is in talks with German Auto-maker, BMW's Motorcycle Division, BMW Motorrad for a technology tie up and that the Company will keep the exchanges informed once finality is reached in this regard.