TVS Motor Company gains on reporting 6% rise in total sales during September
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TVS Motor Company is currently trading at Rs. 1525.75, up by 2.75 points or 0.18% from its previous closing of Rs. 1523.00 on the BSE.
The scrip opened at Rs. 1539.95 and has touched a high and low of Rs. 1540.00 and Rs. 1523.20 respectively. So far 10327 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1546.20 on 28-Sep-2023 and a 52 week low of Rs. 968.00 on 20-Jan-2023.
Last one week high and low of the scrip stood at Rs. 1546.20 and Rs. 1489.00 respectively. The current market cap of the company is Rs. 72688.33 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.54% and 8.19% respectively.
TVS Motor Company has registered a growth of 6% in September 2023 with sales of 402,553 units as against 379,011 units in the month of September 2022. Total two-wheelers registered a growth of 7% with sales increasing from 361,729 units in September 2022 to 386,955 units in September 2023.
Domestic two-wheeler registered growth of 6% with sales increasing from 283,878 units in September 2022 to 300,493 units in September 2023.
Motorcycle registered a growth of 10% with sales increasing from 169,322 units in September 2022 to 186,438 units in September 2023. Scooter registered a growth of 8% with sales increasing from 144,356 units in September 2022 to 155,526 units in September 2023. The Company sold 20,356 units of TVS iQube Electric in September 2023 as against sales of 4,923 units in September 2022.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
