TVS Motor gains after strong sales in March

TVS Motor Company rose 1.08% to Rs 98.45 at 13:42 IST on BSE after the company recorded a 17% growth in total sales to 1.96 lakh units in March 2014 over March 2013.

The company made the announcement during trading hours today, 1 April 2014.

Meanwhile, the BSE Sensex was up 20.31 points, or 0.09%, to 22,406.58.

On BSE, so far 3.47 lakh shares were traded in the counter, compared with an average volume of 4.83 lakh shares in the past one quarter.

The stock hit a high of Rs 99.20 and a low of Rs 96.80 so far during the day. The stock hit a record high of Rs 101.35 on 24 March 2014. The stock hit a 52-week low of Rs 28.10 on 31 July 2013.

The stock had outperformed the market over the past one month till 31 March 2014, rising 13.39% compared with the Sensex's 5.99% rise. The scrip had also outperformed the market in past one quarter, rising 28.24% as against Sensex's 5.74% rise.

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

TVS Motor Company's total exports grew by 28% to 29,944 units in March 2014 over March 2013. Two wheeler exports grew 21% to 23,340 units in March 2014 over March 2013.

Total two wheeler sales increased by 16% to 1.88 lakh units in March 2014 over March 2013. Domestic two wheeler sales registered a growth of 16% to 1.65 lakh units in March 2014 over March 2013. Scooters sales grew by 63% to 47,766 units in March 2014 over March 2013. Motorcycles sales grew by 10% to 68,158 units in March 2014 over March 2013.

Three wheeler sales of the company registered an increase of 58% to 8,004 units in March 2014 over March 2013.

TVS Motor Company's net profit surged 31.2% to Rs 68.80 crore on 12.9% growth in net sales to Rs 2034.71 crore in Q3 December 2013 over Q3 December 2012.

TVS Motor Company is one of the leading two-wheeler manufacturers in India.

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