TVS Motor Company rose 2.04% to Rs 87.65 at 14:47 IST on BSE after the company said its total sales rose 7% to 1.77 lakh units in February 2014 over February 2013.
The company announced the sales numbers on Saturday, 1 March 2014.
Meanwhile, the S&P BSE Sensex was down 169.21 points or 0.8% at 20,950.91.
On BSE, so far 4.53 lakh shares were traded in the counter as against average daily volume of 4.65 lakh shares in the past one quarter.
The stock hit a high of Rs 89.90 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 85.80 so far during the day. The stock had 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 28 February 2014, surging 26.7% compared with the Sensex's 2.11% rise. The scrip had also outperformed the market in past one quarter, galloping 61.01% as against Sensex's 2.85% rise.
The mid-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company (TVS)'s total exports surged 31% to 28,782 units in February 2014 over February 2013. Two wheeler exports registered a growth of 26% to 22,713 units in February 2014 over February 2013.
Total two wheeler sales rose 6% to 1.70 lakh units in February 2014 over February 2013. Domestic two wheeler sales increased 3% to 1.47 lakh units in February 2014 over February 2013.
Scooters sales grew by 37% to 41,990 units in February 2014 over February 2013. Motorcycles sales grew by 3% to 62,762 units in February 2014 over February 2013.
Three wheeler sales jumped 53% to 7,369 units in February 2014 over February 2013.
During the month, TVS reduced prices between Rs 850 and Rs 3,500 across its product range, having passed on the entire benefit of the recently announced excise duty reduction to its customers.
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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