TVS Motor shares rise 5.5 pc post Q3 earnings

Shares of TVS Motor today rose 5.5 per cent after the company reported a 10.36 per cent increase in its standalone net profit for the December quarter.
The stock gained 5.50 per cent to end at Rs 401.20 on BSE. During the day, it jumped 5.92 per cent to Rs 402.85.
At NSE, shares of the company surged 5 per cent to close at Rs 400.40.
On the volume front, 7.12 lakh shares of the company were traded on BSE and over 61 lakh shares changed hands at NSE during the day.
Chennai-based TVS Motor Co today reported a 10.36 per cent increase in its standalone net profit at Rs 132.67 crore for the third quarter ended December 31, 2016, riding on robust moped sales.

The company had posted a net profit of Rs 120.21 crore in the corresponding period last year, TVS Motor Co said in a BSE filing.
Total income from operations during the quarter under review stood at Rs 3,239.55 crore as against Rs 3,151.12 crore in the year-ago period, up 2.8 per cent, it added.