TVS Motor Company trades in green on the BSE
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TVS Motor Company is currently trading at Rs. 649.90, up by 4.85 points or 0.75% from its previous closing of Rs. 645.05 on the BSE.
The scrip opened at Rs. 646.80 and has touched a high and low of Rs. 654.00 and Rs. 637.45 respectively. So far 110386 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 793.45 on 09-Nov-2021 and a 52 week low of Rs. 495.00 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 664.75 and Rs. 631.40 respectively. The current market cap of the company is Rs. 30856.91 crore.
The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.48% and 8.72% respectively.
TVS Motor Company has reached a partnership agreement with PETRONAS, an alliance that will see the progressive energy company become the title partner of TVS Racing, India’s first factory racing team.
Rebranded as PETRONAS TVS Racing Team, the outfit will don a new livery as part of the alliance effective this season. PETRONAS is also set to supply its high-performance engine oil, PETRONAS Sprinta to the team who will participate in road-racing, supercross, and rally formats of racing, including the Indian National Motorcycle Racing Championship (INMRC), Indian National Supercross Championship (INSC), and Indian National Rally Championship (INRC).
The partnership is further complemented by a strategic business alliance with PETRONAS Lubricants International (PLI) to develop a co-branded oil – PETRONAS TVS TRU4 RacePro – which will be available for consumers in the high street market across India in May 2022.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
