TVS Motors stock price down by more than 3% today

5 Dec 2022 , 10:21 AM

In intraday trading on Monday, TVS Motor Company shares fell 3% to Rs 1,017 on the BSE due to high volume.  The BSE counter saw 2.6 million, or 0.55 %, of the company’s equity shares change hands at 09:15, according to exchange statistics. It took some time to determine the names of the purchasers and vendors.

When the market opened at 09:51, TVS Motor was down 2.7% at Rs 1,021, while the S&P BSE Sensex was down 0.4%. Compared to the benchmark index’s 3% increase over the past month, the shares of the 2/3 wheeler company underperformed the market by declining by 9%.

In comparison to the same month last year, TVS Motor saw a 2% year-over-year (YoY) increase in its overall sales, which came in at 277,123 units. With sales of two-wheelers declining by 23.5% month over month to 263,642 units, the business reported its lowest volume for this fiscal year (FY23).

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