TVS Holdings surges on incorporating wholly owned subsidiary
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TVS Holdings is currently trading at Rs. 8146.50, up by 88.40 points or 1.10% from its previous closing of Rs. 8058.10 on the BSE.
The scrip opened at Rs. 8174.95 and has touched a high and low of Rs. 8346.35 and Rs. 7976.70 respectively. So far 1476 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 8876.25 on 19-Dec-2023 and a 52 week low of Rs. 2,902.38 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 8346.35 and Rs. 7861.20 respectively. The current market cap of the company is Rs. 16592.33 crore.
The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 13.54% and 11.99% respectively.
TVS Holdings has incorporated a wholly owned subsidiary in the name of ‘TVS Holdings (Singapore) Pte.’ (TVSH Singapore) on January 11, 2024. The company received intimation and Certificate of incorporation of TVSH Singapore on January 11, 2024. The Company has incorporated TVSH Singapore for carrying out its overseas activities relating to acquisition / investments.
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.
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