TVS Motor gains 4%, scales new summit on hopes of strong Q2 earnings

Shares of TVS Motor Company hit a new high of Rs 1,187.70, gaining 4 per cent on the BSE in Tuesday’s intra-day trade on expectation of strong earnings growth, led by a recovery in domestic two-wheeler volumes. The stock has surpassed its previous high of Rs 1,106.80, touched on Friday October 14.

Thus far in the month of October, TVS Motor has outperformed the market by surging 8 per cent, after the company said it has had a robust start to the festive season and the demand is expected to further accelerate during the season. In comparison, the S&P