TVS Motor shares gained 13.69% as Sensex rises
TVS Motor Company Limited (TVS) is an Indian multinational motorcycle company headquartered in Chennai, India. It is the third-largest motorcycle company in India with a revenue of over Rs. 20,000 crore (US$2.8 billion) in 2018-19.
Moreover, shares of the TVS Motor Company Ltd. traded at Rs. 643.8 on BSE on Wednesday, up 13.69 percent. The stock quoted a 52-week low price of Rs. 291.4 and a high of Rs. 659.8. Earlier in the day, the stock saw a gap opening.
While at the prevailing price, the stock traded at 51.39 times it’s trailing 12-months EPS of Rs. 12.51 per share and 4.3 times its book value, as per BSE data. A total of 3,64,842 shares changed hands on the counter. The stock commands a market value of Rs. 30,538.6 crore and is part of the Auto – 2 & 3 Wheelers industry.
On the other side, the scrip has been an outperformer, up 117.53 percent in the past year in comparison with a 78.59 percent gain in Sensex. During the day, the stock moved between Rs. 646.65 and Rs. 598.7.
The company sold almost a million two-and three-wheelers during the quarter. Two-wheeler sales grew by 50% compared to last year to 8,86,000 units even as three-wheeler sales declined by 5% to 41,000 units.
Moreover, the stock of TVS Motor company ended 2.43% higher at Rs. 566.3 per share on the BSE compared to a 1.15% climb in the benchmark Sensex. The result was declared post-market hours. For the full fiscal year FY21, the company reported a 2% year-on-year growth in standalone revenue to Rs. 16,751 crore despite the pandemic affecting business for the better part of the year. Profit grew by over 3% to Rs. 612 crore while EBITDA grew by 6%.
Promoters held 57.4 percent of the company as of 31-March-2021. FII and MF ownership in TVS Motor Company Ltd. stood at 12.34 percent and 11.5 percent, respectively.