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TVS Electronics is currently trading at Rs. 280.45, up by 27.45 points or 10.85% from its previous closing of Rs. 253.00 on the BSE.

The scrip opened at Rs. 261.95 and has touched a high and low of Rs. 286.70 and Rs. 258.20 respectively. So far 48072 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 286.70 on 23-Aug-2022 and a 52 week low of Rs. 154.65 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 286.70 and Rs. 213.20 respectively. The current market cap of the company is Rs. 521.65 crore.

The promoters holding in the company stood at 59.91%, while Institutions and Non-Institutions held 0.28% and 39.82% respectively.

TVS Electronics has executed business transfer agreement with GTID Solutions Development to enter into mobile POS software solutions and authentication solutions space, offering hardware along with required applications, digital payment solutions, cloud computing software solutions etc. to segments like Retail, Banks and Government. The cost of acquisition will be Rs 2.25 crore.

With an established products network, the company wish to acquire the business and IP rights of GTID Solutions Development to enter into mobile POS software solutions and authentication solutions space. This will help the company in offering hardware along with required applications, digital payment solutions, cloud computing software solutions etc. to segments like retail, banks and government.

TVS Electronics is a part of the TVS Group, India’s foremost and well recognised self-owned Business group. The Chennai headquartered company was founded in 1986 as an IT Peripherals manufacturer and has today transformed into a leading Transaction Automation IT Product manufacturer & service provider.