TVS Motor gains on strong growth in June exports

Exports in June 2015 surged 26% to 43,025 compared with June 2014

Shares of TVS Motor were up over 4% at Rs 256 on the Bombay Stock Exchange after the company reported strong growth in exports for the month of June 2015.

Total exports for June 2015 surged 26% to 43,025 units compared with 34,103 units in June 2014, the company said in a release.

Total Sales for the month of June 2015 grew 8% to 222,099 units compared with 205,403 units in the month of June 2014, the release added.

The stock opened at Rs 250 and touched a high of Rs 257. At 12:15PM, over 2.1 million shares were traded on both the stock exchanges.