On Monday’s intraday session, shares of TVS Motor Company reached a record high of Rs1,071, up roughly 2%, in anticipation of rapid profit growth. The stock price of the two- and three-wheeler manufacturer soared 109 percent from its March 7, 2022, low of Rs513. As opposed to the S&P BSE Sensex’s 1% gain over the previous month, the stock has increased by 12%.
Following a rapid increase in the company’s stock price, TVS Motor Company’s market capitalization (m-cap) surpassed the Rs50,000 crore threshold. According to BSE statistics, TVS Motor Company’s market capitalization at 10:59 AM it was Rs50,312 crore.
The business only last week unveiled the brand-new “TVS Apache RTR 180” and “TVS Apache RTR 160” motorbikes for 2022. In the meanwhile, TVS Motor expressed confidence in the market for two-wheelers as we approach the holiday season. Additionally, the business is prepared to satisfy the accumulated demand once the semiconductor scarcity subsides.
Aside from that, the business anticipates that domestic “Moped and Economy” motorcycle sectors would improve following recent underperformance, helped by expansion in rural and agricultural markets. Due to the reopening of universities, schools, and workplaces, which would increase demand for the scooter market, urban markets are also anticipated to do well.
According to the company, “the export of two-wheelers is likely to see a growth during the year fuelled by strong demand for TVS products and operations in diverse geographies, that mitigates overall risk. Some of the geographies which are dependent on agriculture and have a surplus of crude oil will act as a hedge against the countries which may face adverse impact due to high fuel and food prices,” it said.
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