TVS Motor spurts after strong sales in July

TVS Motor Company surged 4.17% to Rs 158.80 at 12:15 IST on BSE after the company said its total sales rose 32% to 2.03 lakh units in July 2014 over July 2013.

TVS Motor Company announced sales figures for July 2014 on Saturday, 2 August 2014.

Meanwhile, the S&P BSE Sensex was up 157.69 points or 0.62% at 25,638.53

On BSE, so far 3.31 lakh shares were traded in the counter as against average daily volume of 5.47 lakh shares in the past one quarter.

The stock hit a high of Rs 162.55 and low of Rs 157 so far during the day. The stock hit a record high of Rs 179 on 24 July 2014. The stock hit a 52-week low of Rs 28.75 on 4 September 2013.

The stock had underperformed the market over the past one month till 1 August 2014, falling 6.76% compared with 0.14% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 60.05% as against Sensex's 13.66% rise.

The mid-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 increased by 32% to 1.94 lakh units in July 2014 over July 2013. Domestic two wheeler sales grew by 30% to 1.64 units in July 2014 over July 2013. Total exports grew by 41% to 36,986 units in July 2014 over July 2013. Two wheeler exports jumped 47% to 29,557 units in July 2014 over July 2013.

TVS Motor Company's scooters sales grew by 64% to 60,619 units in July 2014 over July 2013. Motorcycles sales grew by 33% to 76,767 units in July 2014 over July 2013.

TVS Motor Company's three wheeler sales rose 28% to 8,964 units in July 2014 over July 2013.

TVS Motor Company's net profit jumped 39.4% to Rs 72.32 crore on 30.9% growth in total income to Rs 2314.27 crore in Q1 June 2014 over Q1 June 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