TVS Motor Company rose 5.55% to Rs 287.05 at 9:40 IST on BSE after the company reported 15% rise in total sales to 2.04 lakh units in February 2015 over February 2014.
The announcement was made after market hours yesterday, 2 March 2015.
Meanwhile, the BSE Sensex was up 8.45 points, or 0.03%, to 29,467.59.
On BSE, so far 1.90 lakh shares were traded in the counter, compared with an average volume of 4.44 lakh shares in the past one quarter.
The stock hit a high of Rs 289.90 and a low of Rs 283.40 so far during the day. The stock hit a record high of Rs 322.30 on 19 January 2015. The stock hit a 52-week low of Rs 84 on 23 April 2014.
The stock had underperformed the market over the past one month till 2 March 2015, falling 5% compared with 1.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 17.07% as against Sensex's 3.57% rise.
The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company's total exports grew by 35% to 38,725 units in February 2015 over February 2014.
Total two wheeler sales increased by 15% to 1.95 lakh units in February 2015 over February 2014.
Three wheeler sales of the company registered an increase of 23% to 9,056 units in February 2015 over February 2014.
Net profit of TVS Motor Company rose 31.08% to Rs 90.18 crore on 28.40% rise in net sales to Rs 2612.57 crore in Q3 December 2014 over Q3 December 2013.
TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.
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