You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

TVS Motor rises after launching 100cc motorcycle in Sri Lanka

Topics
Business Finance

Capital Market 

TVS Motor Company was up 1.60% to Rs 424.40 at 11:40 IST on the BSE after the company said it launched 100cc economy motorcycle, TVS Sport, in Sri Lanka.

The announcement was made after market hours yesterday, 10 July 2019.

Meanwhile, the S&P BSE Sensex was up by 172.61 points, or 0.45% to 38,729.65.

On the BSE, 17,000 shares were traded in the counter so far compared with average daily volumes of 61,000 shares in the past two weeks. The stock had hit a high of Rs 428.70 and a low of Rs 417.25 so far during the day. It hit a 52-week high of Rs 604 on 21 September 2018 and a 52-week low of Rs 404.90 on 8 July 2019.

TVS Motor Company said that the mileage-efficient motorcycle boasts of new generation graphics and style.

"In Sri Lanka, where two-wheeler mobility is on a rise, TVS Sport is the ideal motorcycle to traverse long distance with excellent fuel efficiency," R. Dilip, senior vice president, international business, TVS Motor Company, said.

TVS Motor Company's net profit fell 19.2% to Rs 133.83 crore on a 9.4% rise in the net sales to Rs 4384.02 crore in Q4 March 2019 over Q4 March 2018.

TVS Motor Company is a two and three-wheeler manufacturer and is the flagship company of the TVS Group.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, July 11 2019. 11:45 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU