TVS Motor Company rides high on entering into Morocco
TVS Motor Company is currently trading at Rs. 2297.50, up by 18.75 points or 0.82% from its previous closing of Rs. 2278.75 on the BSE.
The scrip opened at Rs. 2307.75 and has touched a high and low of Rs. 2307.75 and Rs. 2255.00 respectively. So far 3914 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2958.15 on 27-Sep-2024 and a 52 week low of Rs. 1873.05 on 19-Apr-2024.
Last one week high and low of the scrip stood at Rs. 2307.75 and Rs. 2170.05 respectively. The current market cap of the company is Rs. 109025.37 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.34% and 8.40% respectively.
TVS Motor Company (TVSM) has entered into Morocco, in collaboration with its distribution partner Hindi Motors. The company is launching a wide, exciting range of two-wheelers - TVS Ntorq 125, TVS Raider 125 and TVS Apache 160 and 200 in Morocco.
TVSM, globally recognised for its engineering, innovation and quality, will leverage the extensive service and distribution network of MotorSports Maroc, which uses the retail banner of Hindi Motors for its operations in Morocco. The product range being offered comprises of global best sellers equipped with advanced technology and trusted by millions across the world. The product portfolio available for purchase, starting January 15, 2025 includes TVS Apache 160 and 200, TVS NTORQ 125 and TVS Raider 125.
TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.
