TVS Motor Company clocks 224,971 units in November 2016

India Infoline News Service | Mumbai | December 01, 2016 17:50 IST

Due to the demonetisation exercise, the Company witnessed a short-term impact on November sales. However, we are seeing a sales pickup already happening and we believe, it is a very good move for the country in the long term.

TVS Motors
TVS Motor Company posted sales of 224,971 during the month of November 2016, as against 225,401 units registered in the month of November 2015.

Due to the demonetisation exercise, the Company witnessed a short-term impact on November sales. However, we are seeing a sales pickup already happening and we believe, it is a very good move for the country in the long term.
 
Two-Wheeler 
Total two-wheelers recorded sales of 219,088 units in November 2016 as against 217,706 units in November 2015. Domestic two-wheeler sales registered sales of 191,499 units in November 2016 as against 190,490 units in November 2015.
 
Scooters registered sales of 73,135 units in the month of November 2016 as against 76,043 units in November 2015. Motorcycles recorded sales of 67,896 units in November 2016 as against 82,163 units registered in the month of November 2015.
 
Three-Wheeler 
Three-wheeler of the Company registered sales of 5,883 units in November 2016 as against 7,695 units in November 2015.
 
Exports 
The Company's total exports registered sales of 32,829 units in the month of November 2016 as against 33,621 units recorded in the month of November 2015. Two-wheeler exports registered sales of 27,589 units in the month of November 2016 as against 27,216 units in the month of November 2015.

Stock View: 
TVS Motor Company Ltd is currently trading at Rs 367.3, down by Rs 4.75 or 1.28% from its previous closing of Rs 372.05 on the BSE.
 
The scrip opened at Rs 370 and has touched a high and low of Rs 376.5 and Rs 365 respectively. So far 1271597(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 17676.1 crore.
 
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 418 on 28-Oct-2016 and a 52 week low of Rs 256.3 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 376 and Rs 348.2 respectively.
 
The promoters holding in the company stood at 57.4 % while Institutions and Non-Institutions held 30.21 % and 12.4 % respectively.
 
The stock is currently trading below its 50 DMA.


***Note: This is a NSE Chart

 

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