TVS Motor gains after good June sales

TVS Motor Company rose 4.15% to Rs 255.75 at 10:06 IST on BSE, after the company's total sales rose 8% to 2.22 lakh in June 2015 over June 2014.

The announcement was made after market hours yesterday, 1 July 2015.

Meanwhile, the BSE Sensex was up 18.19 points, or 0.06%, to 28,039.06

On BSE, so far 1.91 lakh shares were traded in the counter, compared with an average volume of 3.06 lakh shares in the past one quarter.

The stock hit a high of Rs 257.35 and a low of Rs 248 so far during the day. The stock hit a record high of Rs 322.30 on 19 January 2015. The stock hit a 52-week low of Rs 141.15 on 25 July 2014.

The stock had outperformed the market over the past one month till 1 July 2015, rising 4.05% compared with 0.62% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 3.76% as against Sensex's 0.85% decline.

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 exports rose 26% to 43,025 units in June 2015 over June 2014. Two wheeler exports rose 25% to 33,233 units in June 2015 over June 2014.

TVS Motor Company's total two-wheelers sales rose 7% to 2.11 lakh units in June 2015 over June 2014. Three-wheeler sales rose 24% to 11,097 units in June 2015 over June 2014.

The company's total sales rose 9% to 6.38 lakh units in Q1 June 2015 over Q1 June 2014. Total two wheeler sales rose 9% to 6.08 lakh units in Q1 June 2015 over Q1 June 2014. Total three wheeler sales rose 21% to 0.30 lakh units in Q1 June 2015 over Q1 June 2014.

TVS Motor Company's net profit rose 73.7% to Rs 90.52 crore on 13.6% rise in net sales to Rs 2408.90 crore in Q4 March 2015 over Q4 March 2014.

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

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