TVS Srichakra Meanders, Post Q1 Numbers

TVS Srichakra share price saw a marginal rise by 0.32% this morning while the stock is trading at Rs. 2510.15. 

The stock opened with a rise of 9 points at Rs. 2530 versus its previous closing at Rs.2502.10. share TVS Srichakra share price touched the day’s high and low at Rs. 2531.10 and Rs. 2505.00 respectively. The stock met its 52 week high at Rs. 3,148.00 on 15^th Oct ‘15 while the 52 week low of the stock reads at Rs. 1,946.00 on 29^th Feb ‘16. Approximately 54 shares are traded in the counter with a traded value of Rs. 1.36lakhs as per NSE. The Average Daily Movement of the stock is 89.93 and its average volume for last 20 days is 7128. The stock yields 4.42% monthly returns and has a PE ratio of 9.84. The market cap of the company amounts to Rs. 1915.87 (Cr) and has a book value of Rs.611.85. The lifetime high of the stock stands at Rs. 3250 while the lifetime low is at Rs. 24.

Tyre maker TVS Srichakra has analyzed a marginal fall in standalone net profits to Rs 46.51 crore for the first quarter ending June 30, 2016. According to the Tamil Nadu-based TVS Group, its standalone net profit is observed at Rs 49.48 crore in the year-ago period. The total income from operations for the first quarter increased to Rs 511.81 crore from Rs 473.32 crore during same period a year ago, it further added. 

In order to attain further details on the support and resistance refer to TVS Srichakra share price forecast.