TVS Motor Company gains after August sales rise

TVS Motor Company rose 2.46% to Rs 31.25 at 10:08 IST on BSE after the company reported a marginal 0.57% increase in total sales to 1.55 lakh units in August 2013 over August 2012.

The announcement was made on Sunday, 1 September 2013.

Meanwhile, the BSE Sensex was up 162.21 points, or 0.87%, to 18,781.93.

On BSE, 31,000 shares were traded in the counter compared with average volume of 76,860 shares in the past one quarter.

The stock hit a high of Rs 32 and a low of Rs 31 so far during the day. The stock hit a 52-week low of Rs 28.10 on 31 July 2013. The stock hit a 52-week high of Rs 50.25 on 11 January 2013.

The stock had outperformed the market over the past one month till 30 August 2013, rising 3.74% compared with the Sensex's 3.77% decline. The scrip had, however, underperformed the market in past one quarter, sliding 18.77% as against Sensex's 7.89% fall.

The small-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Company said its total two-wheeler sales fell 1.5% to 1.48 lakh units in August 2013 over August 2012.

Domestic two-wheeler sales were down 6.21% at 1.27 lakh units in August 2013 over August 2012.

Motorcycles sales, however, grew by 14.23% to 61,313 units. Scooters sales declined by 4.49% to 36,478 units during the period under review.

Exports during the month grew by around 53% at 27,425 units in August 2013 over August 2012.

Two-wheeler exports increased by 40% to 21,374 units in August 2013 over in the same month last year.

In the three-wheeler segment, the company said total sales surged by around 81% to 7,063 units in August 2013 over August 2012.

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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