TVS Motor hits over 4-mth low; falls 6% in two days post February sales nos

The company reported a 15.4 per cent drop in its total sales at 253,261 units in February 2020.

Shares of TVS Motor Company were down 3 per cent to Rs 409 on the BSE on Tuesday, falling 6 per cent in the past two trading days after it reported a 15.4 per cent drop in its total sales at 253,261 units in February 2020. The two and three-wheeler manufacturer had sold a total of 299,353 units in February, 2019.

The stock was trading at its lowest level since October 17, 2019. In the past one month, it has underperformed the market by falling 13 per cent in line with auto index, as compared to 4 per cent