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07-Dec2012

TVS Motor trades higher on the BSE

TVS Motor is currently trading at Rs. 39.65, up by 0.10 points or 0.25% from its previous closing of Rs. 39.55 on the BSE.

The scrip opened at Rs. 39.75 and has touched a high and low of Rs. 40.10 and Rs. 39.35 respectively. So far 1, 19,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.55 on 08-Dec-2011 and a 52 week low of Rs. 31.90 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 41.40 and Rs. 38.35 respectively. The current market cap of the company is Rs. 1,883 crore.

The promoters holding in the company stood at 57.40% while Institutions and Non-Institutions held 19.54% and 23.07% respectively.

Chennai-based, TVS Motor Company is introducing premium executive deluxe 125 cc motorcycle - Phoenix 125 in Andhra Pradesh. It plans to sell about 20,000 bikes of the new model in a month.

This new model will be loaded with features and the entity is offering this bike in two variants priced at about Rs 51,000 for drum brake model and Rs 53,000 ex-showroom for the disk brake range.

The company has reported 2.11% decline in sales for the month of November 2012. The company has registered total sales of 171,837 units in passing month as against 175,535 units registered in same month previous year.


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