TVS Motor Company Shares Gained Almost 2% After Q1 Results:
To begin with, TVS Motor Company Limited shares traded with a 1.84% gain in today’s Intraday trade. Also, until now, the company exchanged 28,187 shares hands on the counter.
Moreover, the company shares started at Rs. 431.00 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 466.00 per eq share. Similarly, the Intraday low value of Rs. 431.00 per share.
According to the source, the company reached its 52-week highest value of Rs. 503.00. Also, it reached the 52-week lowest value of Rs. 240.10.
On 30th June 2020, TVS Motor Company Ltd. announced its consolidated sales worth Rs. 1,939.65 Cr. Comparatively, the company sales declined by 52.75% from its last quarter sales of Rs. 4,104.71 Cr. Also, its sales declined by 61.35% in the previous year.
Furthermore, the net loss stood at Rs. 179.37 Cr in the current quarter. By the ending in June 2020, the company promoters held 57.40% of its stake, FIIs held a 10.52% stake and DIIs held a 16.32% stake.
Today, in the Nifty pack, 25 stocks traded in the positive region, and the remaining 25 stocks traded in the negative region.
TVS Motors Company shares trading with a gain of 11.60 points and reached 467.05 INR with 2.55% up. Previously, the company shares closed at 455.45 INR.
Stock Market Update:
Stock Market September 16th: On Wednesday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 39,127.40 levels and Nifty stood traded gain with 11,556.65 levels. The Sensex raised 83.05 points with a 0.21% gain. Besides, Nifty has raised 34.85 points with a 0.30% gain.
On the other hand, the number of confirmed or coronavirus cases in India reached 50,20,359 as of September 16th, and deaths reached 82,091.
In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 27.35 points with a 0.18% gain and reached a 15,042.09 level. The S&P BSE Smallcap index raised 28.47 points with a 0.19% gain and reached a 15,392.04 level. However, the Nifty Bank declined 163.75 points with a 0.73% loss and reached a 22,301.90 level.