TVS Motor hits 20-month low; stock falls 15% in one month

The stock was down 2% at Rs 456, falling 15% in the past one month, trading at its lowest level since April 7, 2017, on the BSE.

Shares of TVS Motor Company slipped to a 20-month low of Rs 456 apiece, down 2 per cent on the BSE on concerns of a likely rural slowdown and lower exports.

The stock of the two-wheeler (2W) company was trading at its lowest level since April 7, 2017. It underperformed the market by falling 15 per cent in the past one month, as compared to a 2 per cent decline in the benchmark index S&P BSE Sensex.

TVS Motor Company reported 15.5 per cent year-on-year (YoY) jump in net profit at Rs 178 crore in December 2018 quarter (Q3FY19) on