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      TVS Motor gains after good sales in August

      MoM Team / Mumbai, Sep 04, 2017 11:22 AM IST

        TVS Motor gains after good sales in August

        TVS Motor Company rose 1 percent to Rs 615 on BSE after the company reported 16 percent rise in total sales to 3.17 lakh units in August 2017 over August 2016.

        The announcement was made after market hours on Friday, 1 September 2017.

        Meanwhile, the S&P BSE Sensex was down 126.65 points, or 0.40 percent to 31,765.58.

        On the BSE, 54,000 shares were traded in the counter so far, compared with average daily volumes of 98,403 shares in the past one quarter. The stock had hit a high of Rs 625 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 613.55 so far during the day. The stock hit a 52-week low of Rs 310.90 on 12 September 2016.

        The stock had outperformed the market over the past one month till 1 September 2017, rising 3.74 percent compared with 1.07 percent decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.37 percent as against Sensex's 1.98 percent rise. The scrip had also outperformed the market in past one year, rising 83.38 percent as against Sensex's 11.78 percent rise.

        The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.

        TVS Motor Company's total two-wheeler sales rose 15.5 percent to 3.09 lakh units in August 2017 over August 2016. Scooters sales rose 49.3 percent to 1.14 lakh units in August 2017 over August 2016. Motorcycles sales fell 1.99 percent to 1.11 lakh units in August 2017 over August 2016.

        Three-wheeler sales increased 26.9 percent to 8,417 lakh units in August 2017 over August 2016.

        Total exports grew 33.7 percent to 45,604 lakh units in August 2017 over August 2016.

        Net profit of TVS Motor Company rose 6.78 percent to Rs 129.47 crore on 18 percent rise in net sales to Rs 3399.51 crore in Q1 June 2017 over Q1 June 2016.

        TVS Motor Company is a leading two and three-wheeler manufacturer.


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      Source: Capital Market


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