TVS Motor shares gain over 5% as sales rise in October

Shares of TVS Motor Company today rose over 5 per cent after it reported 14 per cent increase in total sales in October.
The stock ended the day with a gain of 4.87 per cent at Rs 287.50 on BSE. Intra-day, it climbed 6.63 per cent to Rs 292.35.
At NSE, shares of the company went up 5.16 per cent to close at Rs 287.90.
In terms of volume, 9.32 lakh shares of the company changed hands at BSE and over 92 lakh shares were traded at NSE during the day.
TVS Motor yesterday reported 14 per cent increase in total sales at 2,74,622 units in October.

The Chennai-based company had sold 2,41,044 units in the same month last year.
Total two-wheeler sales for the month grew 14 per cent to 2,64,112 units as against 2,31,990 units in October 2014, TVS Motor Co had said in a statement.
Motorcycle sales increased 17 per cent to 1,06,175 units last month compared with 90,779 units in the corresponding month a year ago.