TVS Motor gains after announcing decent growth in sales in July

TVS Motor Company rose 0.75% to Rs 297.25 at 12:01 IST on BSE after the company reported 14% increase in total sales to 2.48 lakh units in July 2016 over July 2015.

The company announced the monthly sales volume data after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 93.57 points, or 0.33%, to 28,096.69

On BSE, so far 1.15 lakh shares were traded in the counter, compared with average daily volume of 1.96 lakh shares in the past one quarter. The stock hit a high of Rs 300 and a low of Rs 295.05 so far during the day. The stock hit a record high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 201 on 24 August 2015. The stock had underperformed the market over the past one month till 1 August 2016, falling 4.99% compared with 3.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 7.8% as against the Sensex's 9.36% rise.

The large-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 15.4% to 2.40 lakh units in July 2016 over July 2015. Domestic two-wheeler sales rose 18.7% to 2.06 lakh units in July 2016 over July 2015. Scooter sales fell 2.28% to 68,033 units in July 2016 over July 2015. Motorcycle sales rose 23% to 95,062 units in July 2016 over July 2015. Three-wheeler sales fell 22.54% to 7,960 units in July 2016 over July 2015. Total exports fell 5.82% to 40,192 units in July 2016 over July 2015. Exports of two-wheelers fell 1.49% to 33,437 units in July 2016 over July 2015.

TVS Motor Company's net profit rose 21.2% to Rs 121.25 crore on 12.1% growth in net sales to Rs 2852.59 crore in Q1 June 2016 over Q1 June 2015.

TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.

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