TVS Motor gains after decent October sales

TVS Motor Company rose 0.97% to Rs 404.45 at 9:26 IST on BSE after the company reported a 12% growth in total sales at 3.08 lakh units in October 2016 over October 2015.

The company announced the sales volume data after market hours yesterday, 2 November 2016.

Meanwhile, the S&P BSE Sensex was down 8.03 points or 0.03% at 27,519.19.

On BSE, so far 33,000 shares were traded in the counter as against average daily volume of 2.01 lakh shares in the past two weeks. The stock hit a high of Rs 405.50 and a low of Rs 402.45 so far during the day. The stock had hit a record high of Rs 418 on 28 October 2016. The stock had hit a 52-week low of Rs 256.30 on 29 February 2016. The stock had outperformed the market over the past one month till 2 November 2016, advancing 9.56% compared with 1.22% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 33.72% as against Sensex's 1.62% fall.

 

The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Rs 1.

The company's total two-wheeler sales rose 15.1% to 3.03 lakh units in October 2016 over October 2015. Scooters sales rose 1.07% to Rs 92,417 units in October 2016 over October 2015. Motorcycles sales grew by 14.5% to 1.21 lakh units in October 2016 over October 2015. Three-wheeler sales declined 54.28% to 4,805 units in October 2016 over October 2015. Total exports dropped 15.7% to 35,134 units in October 2016 over October 2015.

TVS Motor Company's net profit rose 33.4% to Rs 177.39 crore on 21.1% growth in net sales to Rs 3393.14 crore in Q2 September 2016 over Q2 September 2015.

TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.

Powered by Capital Market - Live News