TVS Motor rises after good sales in August

TVS Motor Company rose 1.04% to Rs 614.85 at 11:22 IST on BSE after the company reported 16% rise in total sales to 3.17 lakh units in August 2017 over August 2016.

The announcement was made after market hours on Friday, 1 September 2017.

Meanwhile, the S&P BSE Sensex was down 126.65 points, or 0.40% to 31,765.58.

On the BSE, 54,000 shares were traded in the counter so far, compared with average daily volumes of 98,403 shares in the past one quarter. The stock had hit a high of Rs 625 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 613.55 so far during the day. The stock hit a 52-week low of Rs 310.90 on 12 September 2016.

The stock had outperformed the market over the past one month till 1 September 2017, rising 3.74% compared with 1.07% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.37% as against Sensex's 1.98% rise. The scrip had also outperformed the market in past one year, rising 83.38% as against Sensex's 11.78% rise.

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

TVS Motor Company's total two-wheeler sales rose 15.5% to 3.09 lakh units in August 2017 over August 2016. Scooters sales rose 49.3% to 1.14 lakh units in August 2017 over August 2016. Motorcycles sales fell 1.99% to 1.11 lakh units in August 2017 over August 2016.

Three-wheeler sales increased 26.9% to 8,417 lakh units in August 2017 over August 2016.

Total exports grew 33.7% to 45,604 lakh units in August 2017 over August 2016.

Net profit of TVS Motor Company rose 6.78% to Rs 129.47 crore on 18% rise in net sales to Rs 3399.51 crore in Q1 June 2017 over Q1 June 2016.

TVS Motor Company is a leading two and three-wheeler manufacturer.

Powered by Capital Market - Live News