TVS Motor gains after launching special edition TVS XL Super moped

TVS Motor Company rose 0.78% to Rs 259.25 at 14:50 IST on BSE after the company introduced a special edition of its legendary TVS XL Super, in celebration of crossing the milestone 1 crore mark in sales.

The company made announcement during market hours today, 3 July 2015.

Meanwhile, the BSE Sensex was up 84.25 points, or 0.31%, to 28,031.34.

On BSE, so far 1.75 lakh shares were traded in the counter, compared with an average volume of 3.08 lakh shares in the past one quarter.

The stock hit a high of Rs 262.45 and a low of Rs 257 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 2 July 2015, rising 13.88% compared with 2.79% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 0.82% as against Sensex's 1.11% decline.

The large-cap two wheeler auto manufacturer has an equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Company said the new variant will come in two never before colours of Silver Grey and Titanium Grey, which have been specially created for the occasion. In addition TVS XL Super will have special graphics, a dual texture seat with stitch lines, chrome plated grab rail and silencer guard and will carry a specially designed 1 crore celebration sticker.

The special edition TVS XL Super is available in TVS Dealerships in Tamilnadu, Andhra Pradesh, Telangana and parts of Karnataka.

Over the years, the moped has been associated with luck and prosperity; it provided the owner with an opportunity to increase his earnings. Even today, the brand campaigns run with the tag line raasiana vandi or lucky vehicle. Since its launch in 1980, TVS XL Super has remained relevant to the needs of customer and meets the stringent emission norms of today. Itis one of the longest standing Indian two wheeler brands that is available across the country, TVS said.

TVS Motor Company reported 73.7% rise in net profit to Rs 90.52 crore on 13.8% rise in total income to Rs 2466.07 crore in Q4 March 2015 over Q4 March 2014.

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