TVS Motor Company Reaches All Time High On Back Of Positive Sales Growth
Indian two-wheeler manufacturer TVS Motor Company has started New Year with a bang at the stock market on Tuesday (2 January 2018). The Chennai based company opened at Rs 784 on NSE, and reached an all-time high of Rs 794.45 rising nearly 4 per cent.
With a market capitalisation of Rs 367.79 billion, this performance of TVS is attributed to its strong monthly sales growth during December 2017.
TVS Motor Company registered a sales growth of 39 per cent increasing from 184,944 units in December 2016 to 256,909 units in the month of December 2017.
Total two-wheeler registered growth of 37.9 per cent and three-wheeler by 72.1 per cent, and stood at 247,630 units and 9,279 units, respectively.
The company's total exports grew by 55.8 per cent from 30,694 units registered in the month of December 2016 to 47,818 units in December 2017.
During the third quarter of the financial year 2017 – 2018 (October-December, 2017), two-wheeler sales of the company grew by 13.8 per cent and three-wheeler sales by 67.7 percent.
The previous closing of TVS Motor Company on Monday (1 January 2018) stood at Rs 766.45.
The company was dealing at Rs 775.95 during Tuesday, 3.05 PM IST, and its lowest trading rate for the day stood at Rs 766.
The two-wheeler maker’s price-earnings ratio (P/E ratio) is Rs 280.42, and dividend yield is at 0.42 per cent.
In December 2017, TVS Motor Company announced its entry into the super-premium motorcycle segment with the launch of TVS Apache RR 310 for Rs 215,000 (ex-showroom Delhi).
