TVS Motor Company is currently trading at Rs. 133.45, up by 2.70 points or 2.07 % from its previous closing of Rs. 130.75 on the BSE.
The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 133.70 and Rs. 130.60 respectively. So far 59332 shares were traded on the counter.
The BSE group 'B' stock of face value Re. 1 has touched a 52 week high of Rs. 139.80 on 29-May-2014 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. 136.00 and Rs. 124.00 respectively. The current market cap of the company is Rs. 6278.28 crore.
The promoters holding in the company stood at 57.40 % while Institutions and Non-Institutions held 22.16 % and 20.44 % respectively.
Life Insurance of India (LIC) has reduced its stake in TVS Motor Company by selling more than 2% shareholding over a period of around four years. The country’s largest life insurer offloaded 97,12,148 shares, constituting 2.04% stake, through open market transactions.
Following the stake sale, LIC’s stake in TVS Motors has come down to 3.46% from 5.5% earlier. The state-owned insurer offloaded the shares between September 9, 2010 and June 2, 2014.
TVS Motor Company is the flagship of the $6 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company recently won 'India's Most Trusted Two Wheeler Brand' Award from the Times Group.
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