TVS Motor soars over 5 per cent on high sales
DSIJ Intelligence / 02 Jun 2017
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The stock rose to Rs 565, up by 5.5 per cent on the BSE intraday on June 2, 2017, with over 1 lakh shares exchanging hands on the counter.
Auto giant TVS Motor soared over 5 per cent intraday on June 2, 2017, hitting its 52-week high on the stark growth of 15.7 per cent in its sales in the month of May, 2017. The company sold 282,007 units of two wheelers in May 2017 against a sales of 243,783 units in May 2016.
The stock rose to Rs 565, up by 5.5 per cent on the BSE intraday on June 2, 2017, with over 1 lakh shares exchanging hands on the counter.
The company reported growth of 16.3 per cent in the domestic sales of two-wheeler to 240,527 units in May 2017 from 206,886 units in the same month of the previous year.
While the exports grew by 14.3 per cent to 40,617 units in May 2017 from 35,545 units in the corresponding period in the previous year. The two-wheeler exports increased 11 per cent to 34,899 units in May 2017.
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