Tuesday 2 September 2014

TVS Moter rallies over 4%, hits 52- week high on August sale numbers


BSE Code - 532343
Face Value - Rs 1.00
Group - BSE 'B'
Shareholding pattern -(a)Promoters - 57.40%
                                 (b)Institutions - 23.25%
                                 (c)Non-Institutions - 19.35%
One year High-Low -Rs 202.15 - Rs 28.75
     TVS Motor Company has recorded 46% increase in total sales registering 2,27,482 units in the month of August 2014 against 1,55,532 units recorded in the month of August, 2013. The company's total exports grew by 28% with sales increasing from 27,425 units in the month of August 2013 to 35,074 units in August 2014.
     The total two wheeler sales increased by 47% from 1,48,469 units recorded in August 2013 to 2,17,632 units for the month under review. Domestic two wheeler sales registered a growth of 50%, increasing to 1,90,547 units for the month under review from 1,27,095 units in the corresponding month previous year.
     Scooters sales grew by 84% at 67,240 units in August, 2014 from 36,478 units in August, 2013. Motorcycles sales grew by 36% at 83,332 units in August as compared to 61,313 on Y-o-Y basis. Further, three wheeler sales of the company registered an increase of 39%, growing from 7,063 units in August 2013 to 9,820 units in August 2014.
     Current stock price is Rs 201.30, up by 7.90 points from its previous closing of Rs 193.40 on the BSE.

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