TVS Motor Company rides high on commencing operations in Italy

TVS Motor Company is currently trading at Rs. 2106.65, up by 11.70 points or 0.56% from its previous closing of Rs. 2094.95 on the BSE.

The scrip opened at Rs. 2126.20 and has touched a high and low of Rs. 2133.30 and Rs. 2091.00 respectively. So far 4550 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1214.50 on 18-May-2023.

Last one week high and low of the scrip stood at Rs. 2149.40 and Rs. 1976.00 respectively. The current market cap of the company is Rs. 100167.37 crore.

The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.08% and 8.65% respectively.

TVS Motor Company has commenced its operations in Italy. The company will introduce a selection of its advanced, high-quality thermic and electric scooters and motorcycles. TVS Motor, ranked as the world’s fourth-largest two and three-wheeler manufacturer and third in market capitalization, already markets its products in 80 countries. The Company is expanding its operations in Italy via its branch office.

TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.