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    Share price of TVS Motor rises as Nifty weakens

    Synopsis

    A total of 52,207 shares changed hands on the counter till 01:24PM (IST).

    It is the second largest discount broker at present after Zerodha, which is the largest broker among full service and discount category.

    INSIGHTS

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    Shares of Company Ltd. gained 0.31 per cent to Rs 566.0 in Friday's trade as of 01:24PM (IST). The stock hit a high price of Rs 570.95 and low of Rs 558.35 during the session.

    The return on equity (ROE) for the stock stood at 19.03 per cent. Traded volume on the counter stood at 01:24PM shares and turnover at Rs 2.95 crore around that time. The stock of TVS Motor Company Ltd. quoted a 52-week high price of Rs 659.8 and 52-week low prices of Rs 265.45, respectively.

    The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.53.

    Promotor/FII Holding
    Promoters held 57.4 per cent stake in the company as of 31-Dec-2020, while FIIs held 11.15 per cent and domestic institutional investors had 12.06 per cent.

    Key Financials
    The company reported consolidated sales of Rs 6111.56 crore for the quarter ended 31-Dec-2020, up 15.98 per cent from previous quarter's Rs 5269.59 crore and up 27.88 per cent from the year-ago quarter's Rs 4779.32 crore. Net profit after tax for the latest quarter stood at Rs 283.65 crore, up 88.33 per cent from the same quarter a year ago.

    Technicals
    The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
    It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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