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    TVS Motor shares up 1.37% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 659.8 and low of Rs 289.2.

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    The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.

    INSIGHTS

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    Shares of Company Ltd. rose 1.37 per cent to Rs 540.85 in Monday's trade. It hit an intraday high of Rs 541.75 and low of Rs 532.65, respectively, during the day.

    The stock quoted a 52-week high price of Rs 659.8 and low of Rs 289.2.

    As of 10:46AM (IST), the counter saw total traded volume of 20,421 shares with a traded value of Rs 1.1 crore, according to NSE.

    The stock had closed at Rs 533.55 in the previous session.

    The scrip has declined -6.9 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -3.68 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 71.65 while price-to-book ratio stood at 4.3. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Auto - 2 & 3 Wheelers industry.

    Promoter/FII Holding
    Promoters held 57.4 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 12.34 per cent and 11.5 per cent, respectively.

    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 the previous quarter's Rs 5269.59 crore and up 27.88 per cent from the year-ago quarter's Rs 4779.32 crore. Its net profit for the latest quarter stood at Rs 283.65 crore, up 88.33 per cent from the same quarter a year ago.
    (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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