TVS Motor Company (INR 326) witnessed its lifetime high on the BSE in early morning trade on March 30, 2016. In the early hours, the Chennai based company traded at INR 324 (higher by 3 percent). This only extended its gains to 18 percent in March compared to the previous year’s high of 9 percent.
It was only recently when the company had launched its new four strokes TVS XL 100 in states like Andhra Pradesh, Telengana, Maharashtra and Madhya Pradesh. This factor also helped TVS motors to witness a surge in the Bombay stock exchange. Earlier in second week of March, the manufacturer has announced that it would sell its two-wheelers through online retailers like Snapdeal.
In the past one quarter in Bombay stock exchange, about 2.24 lakh shares were traded as against 1.63 lakh shares on average daily volume.
The company resides within an equity capital of INR 47.51 crore, with a face value per share at INR 1.
One of the reputed stock broking companies, Karvy strongly believes that with improvement in the capacity utilization and healthy volumes, the Chennai based company will be able to expand while improving its return ratio. The company is expecting to make big gains with the upcoming BMW two-wheeler. Any big success with this upcoming launch would only add to the company's value.