TVS Motor scales record high after declaring robust monthly sales

TVS Motor Company rose 4.22% to Rs 557.50 at 09:51 IST on BSE after the company reported 16% rise in total sales to 2.82 lakh units in May 2017 over May 2016.

The announcement was made after market hours yesterday, 1 June 2017.

Meanwhile, the S&P BSE Sensex was up 109.50 points, or 0.35% to 31,247.09

On the BSE, 1.69 lakh shares were traded in the counter so far, compared with average daily volumes of 91,899 shares in the past one quarter. The stock had hit a low of Rs 553 so far during the day. The stock hit a high of Rs 565 in intraday trade so far, which is record high for the counter. The stock hit a 52-week low of Rs 280.30 on 24 June 2016.

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 15.6% to 2.75 lakh units in May 2017 over May 2016. Scooters sales rose 30.9% to 85,681 units in May 2017 over May 2016. Motorcycles sales grew 22.3% to 1.18 lakh units in May 2017 over May 2016.

Three-wheeler sales increased 20.5% to 6,581 units May 2017 over May 2016.

Total exports rose 14.3% to 40,617 units in May 2017 over May 2016.

Net profit of TVS Motor Company declined 6.8% to Rs 126.77 crore on 1.7% rise in net sales to Rs 2844.50 crore in Q4 March 2017 over Q4 March 2016.

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.

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