TVS Motor retracts from record high

TVS Motor Company fell 0.72% to Rs 274.85 at 13:05 IST on BSE after the company said its total sales rose 20% to 1.91 lakh units in December 2014 over December 2013.

The announcement was made at the fag end of trading hours yesterday, 1 January 2015.

Meanwhile, the S&P BSE Sensex was up 380.07 points or 1.38% at 27,887.61.

On BSE, so far shares were traded in the counter as against average daily volume of 4.10 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 1.4% at the day's high of Rs 280.75 so far during the day, which is a record high for the counter. The stock fell as much as 1.15% at the day's low of Rs 273.65 so far during the day. The stock had hit a 52-week low of Rs 64.10 on 27 January 2014.

The stock had outperformed the market over the past one month till 1 January 2015, jumping 17.28% compared with the Sensex's 3.68% fall. The scrip had also outperformed the market in past one quarter, surging 20.95% as against Sensex's 3.54% rise.

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

TVS Motor's three wheeler sales surged 61% to 9,886 units in December 2014 over December 2013. The company's total exports grew by 28% to 32,969 units in December 2014 over December 2013. Total two wheeler sales increased by 19% to 1.81 lakh units in December 2014 over December 2013. Domestic two wheeler sales rose 19% to 1.57 lakh units in December 2014 over December 2013.

The company's scooter sales rose 25% to 52,411 units in December 2014 over December 2013. Motorcycles sales rose 22% to 70,188 units in December 2014 over December 2013.

TVS Motor Company's net profit rose 6.7% to Rs 94.81 crore on 34.3% growth in net sales to Rs 2635.46 crore in Q2 September 2014 over Q2 September 2013.

TVS Motor Company is one of the leading two-wheeler manufacturers in India. With presence in more than 60 countries across the globe, TVS Motor Company is the second largest exporter of two wheelers and three wheelers from India. The company has grown to be a strong brand name in Asia, Latin America and Africa with popular products in the two and three wheeler segments.

Powered by Capital Market - Live News