Thursday, 1 August 2013

TVS Motor plunges on reporting 4.70% fall in July sales

TVS Motor is currently trading at Rs. 30.00, down by 1.00 points or 3.23% from its previous closing of Rs. 31.00 on the BSE.

The scrip opened at Rs. 31.50 and has touched a high and low of Rs. 31.70 and Rs. 29.60 respectively. So far 35082 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 50.25 on 11-Jan-2013 and a 52 week low of Rs. 28.10 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs. 34.10 and Rs. 28.10 respectively. The current market cap of the company is Rs. 1418.14 crore.

The promoters holding in the company stood at 57.40% while Institutions and Non-Institutions held 20.71% and 21.90% respectively.

TVS Motor Company registered 4.70% drop in total sales for the month of July, which stood at 153,676 units as against 161,255 units recorded in July 2012. Domestic sales stood at 126,531 units in the month as against 140,862 units sold in July last year.

Sales of motorcycles declined by 7.82% at 53,355 units in July 2013 against 57,886 units in July 2012, while Scooters sales dropped by 9.77% to 36,900 units in July 2013 against 40,895 units in the same month of the previous year.

However, the company witnessed a quantum increase in the three wheeler segment with sales growing 112.21% to 7,005 units in July 2013 from 3,301 units in July 2012.

The company’s total exports sales grew by 36.58% at 26,145 units in the month of July 2013 against 19,142 units in July 2012. Two wheeler exports registered a growth of 17.83%, with sales of 20,140 units in July 2013 against 17,092 units in July 2012.

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