TVS Motor rises on good sales in June

TVS Motor Company rose 1.26% to Rs 314.45 at 9:37 IST on BSE after the company said its total sales rose 11% to 2.47 lakh units in June 2016 over June 2015.

The announcement was made after market hours on Friday, 1 July 2016.

Meanwhile, the BSE Sensex was up 194.42 points, or 0.72%, to 27,339.33.

On BSE, so far 26,000 shares were traded in the counter, compared with average daily volume of 1.79 lakh shares in the past one quarter. The stock hit a high of Rs 317.55 and a low of Rs 313.75 so far during the day. The stock hit a 52-week high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 201 on 24 August 2015. The stock had outperformed the market over the past one month till 1 July 2016, rising 4.70% compared with 1.12% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 4.40% as against Sensex's 7.42% rise.

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

TVS Motor Company's total two-wheeler sales rose 13.8% to 2.39 lakh units in June 2016 over June 2015. Domestic two-wheeler sales rose 16.4% to 2.06 lakh units in June 2016 over June 2015. Scooter sales rose 10.3% to 67,539 lakh units in June 2016 over June 2015. Motorcycle sales rose 7.6% to 95,465 lakh units in June 2016 over June 2015. Three-wheeler sales fell 35.77% to 7,128 lakh units in June 2016 over June 2015. Total exports fell 9.09% to 39,112 lakh units in June 2016 over June 2015. Three-wheeler exports fell 0.18% to 33,173 lakh units in June 2016 over June 2015.

TVS Motor Company's net profit rose 30.1% to Rs 117.76 crore on 15.9% growth in net sales to Rs 2776.39 crore in Q4 March 2016 over Q4 March 2015.

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

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