TVS Motor gains 5%, hits over 8-month high ahead of September sales data

TVS Motor Company's sales in August 2020 had grown by 14 per cent over July 2020 and flat on year-on-year basis

Shares of TVS Motor Company gained 5 per cent to over eight-month high of Rs 490 on the BSE on Thursday ahead of September sales data. The stock of two and three-wheeler manufacturer was trading at its highest level since January 17, 2020. It hit a 52-week high of Rs 503 on October 31, 2019.

TVS Motor Company's sales in August 2020 grew by 14 per cent over July 2020 and flat on year-on-year basis. The company sold 287,398 units in August as against 252,744 units in July 2020. It had sold 290,455 units in the month of August