TVS Motor gains after reporting good sales in April

TVS Motor Company gained 1.1% to Rs 322.20 at 10:45 IST on BSE after the company reported 16% increase in total sales to 2.27 lakh units in April 2016 over April 2015.

The announcement was made after market hours yesterday, 2 May 2016.

Meanwhile, the S&P BSE Sensex was up 158.44 points or 0.62% at 25,595.41.

On BSE, so far 86,227 shares were traded in the counter as against average daily volume of 1.59 lakh shares in the past one quarter. The stock hit high of Rs 324.40 and a low of Rs 320.70 so far during the day. The stock had hit a record high of Rs 340.90 on 20 April 2016. The stock had hit a 52-week low of Rs 201 on 24 August 2015. The stock had underperformed the market over the past one month till 2 May 2016, falling 1.89% compared with 0.66% gains in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 8.73% as against Sensex's 3.66% gains.

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

TVS Motor Company's two wheeler sales rose 19.5% to 2.22 lakh units in April 2016 over April 2015. Three wheeler sales fell 52.04% to 4,746 units in April 2016 over April 2015. Exports dropped 12.55% to 28,354 units in April 2016 over April 2015.

TVS Motor Company's net profit rose 19.4% to Rs 107.70 crore on 11.9% growth in net sales to Rs 2908.83 crore in Q3 December 2015 over Q3 December 2014.

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

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