TVS Motor strengthens on reporting 27% growth in May sales

TVS Motor Company is currently trading at Rs. 131.05, up by 1.20 points or 0.92% from its previous closing of Rs. 129.85 on the BSE. The scrip opened at Rs. 131.25 and has touched a high and low of Rs. 133.90 and Rs. 130.30 respectively. So far 466865 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 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. 139.80 and Rs. 120.50 respectively. The current market cap of the company is Rs. 6228.39 crore. The promoters holding in the company stood at 57.40% while Institutions and Non-Institutions held 22.16% and 20.44% respectively. TVS Motor Company has recorded 27% increase in total sales registering 2, 10,293 units in the month of May 2014 against 1,65,151 units recorded in the month of May, 2013. The company's total exports grew by 42% with sales increasing from 24393 units in the month of May 2013 to 34623 units in May 2014. The total two wheeler sales increased by 26% from 159346 units recorded in May 2013 to 2,01,234 units for the month under review. Domestic two wheeler sales registered a growth of 24%, increasing to 174234 units for the month under review from 140056 units in the corresponding month previous year. Scooters sales grew by 60% at 53924 units in May, 2014 from 33747 units in May, 2013. Motorcycles sales grew by 28% at 85475 units in May as compared to 66606 on Y-o-Y basis. Further, three wheeler sales of the company registered a growth of 56% at 9059 units in May as compared to 5805 units in the same month previous fiscal.