01-01-1970 12:00 AM | Source: Accord Fintech
TVS Motor Company zooms on the bourses
News By Tags | #572 #281

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TVS Motor Company is currently trading at Rs. 651.00, up by 25.80 points or 4.13% from its previous closing of Rs. 625.20 on the BSE.

The scrip opened at Rs. 628.00 and has touched a high and low of Rs. 656.60 and Rs. 623.55 respectively. So far 216904 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 665.70 on 27-May-2021 and a 52 week low of Rs. 407.25 on 28-Oct-2020.

Last one week high and low of the scrip stood at Rs. 656.60 and Rs. 592.50 respectively. The current market cap of the company is Rs. 30690.63 crore.

The promoters holding in the company stood at 52.26%, while Institutions and Non-Institutions held 37.92% and 9.82% respectively.

TVS Motor Company has signed tri-party deal arrangement with Bahwan International Group. As per the tri-party deal arrangement, ARATA International FZC will be the new distributor. Building on this partnership, the groups will also explore other avenues of cooperation in Oman and India.

ARATA International FZC, registered in the UAE, is a subsidiary of Bahwan International Group (BIG) - Oman, having a strong presence in the MENA region. TVS Motor ranks amongst the top five two-wheeler companies globally with a presence in over 70 countries across Africa, South East Asia, the Indian Sub-Continent, Latin America and the Middle East. This association with Bahwan International Group is a significant step towards further expanding and bolstering TVS Motor Company’s market presence in Iraq.

TVS Motor Company is a reputed two and three-wheeler manufacturer.