TVS Motor September Sales up 26 per cent

TVS Motor Company on Monday disclosed a 25.99 per cent rise in total sales at 2,93,257 units last month. The Chennai-based company had sold 2,32,744 units in September 2015. Because of supply chain disruptions, the company lost production of 25,000 units, according to TVS Motor Company’s filing to the BSE. Total two-wheeler sales during the month rose 30 per cent to 2,87,449 units as compared to 2,20,971 units in the same period a year ago. Domestic two-wheeler sales were at 2,53,974 units versus 1,90,063 units in the year-ago period – a rise of 33.62 per cent. Motorcycle sales increased 35.9 per cent to 1,22,813 units in September against  90,393 units in the same period a year ago. Scooter sales rose 12.7 per cent to 84,850 units, compared with 75,307 units in the year-ago period, it further added. Exports during the month were at 38,164 units versus 41,435 units in September 2015, a decline of 7.89 per cent.

This morning, TVS Motor share price rolled above 2 per cent. The stock opened with a rise of 6 points at Rs.380.95 as compared to its previous closing at Rs. 377.60. The stock touched the day’s low at Rs. 377.35.  After the commencement of today’s trading session, around 5,68,935 shares are traded in the counter with a traded value of Rs. 2,171.68 lacs against its average volume for 20 days which is seen at 2481427, as per NSE. The stock saw a spurt in volume by more than 1.04 times.

TVS Motor share price traded at Rs. 357 beating its previous one-year high on 28th August trade. On 30th, it followed the same stunt by trading at Rs.368.40. On 3^rd Oct, TVS Motor share price went as high as Rs. 383.20, breaking its previous record high; just to break it yet again on the next trade session. Today, on 4^th Oct 2016, the stock traded at a new high of Rs.385.00. Currently, TVS Motor share price was trading at Rs. 383.70 with the rise of over 1.62 per cent.

The 52 week low value is seen at Rs. 227.45 on5th Oct ‘15. The Average Daily Movement of the stock is 8.90. The stock yields 13.63 per cent monthly returns and has the PE ratio of 48.47. The market cap of the company amounts to Rs. 17939.29 (Cr) and has a book value of Rs. 30.75.

 TVS Motor is identified by Dynamic Levels as the top 500 performing stocks for the June quarter amongst the 1700 stocks listed on the NSE.  TVS Motor is fundamentally strong and is safe for investment, according to Dynamic analysts

In order to know more about the support and resistance levels of the stock and also its fundamentals and financials, please a pay a visit to TVS Motor share price history.