TVS Motor shares gain 13.69% as Sensex rises

TVS Motor shares gain 13.69% as Sensex rises
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Synopsis

A total of 364,842 shares changed hands on the counter till 10:00AM (IST)

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Analysts said Nifty faced stiff resistance near 9,500 on Friday and remained mostly rangebound between 9,000 and 9,500 levels.

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Shares of the Company Ltd. traded at Rs 643.8 on BSE at 10:00AM (IST) on Wednesday, up 13.69 per cent. The stock quoted a 52-week low price of Rs 291.4 and a high of Rs 659.8.

Earlier in the day, the stock saw a gap up opening.

At the prevailing price, the stock traded at 51.39 times its trailing 12-month EPS of Rs 12.51 per share and 4.3 times its book value, as per BSE data.

A total of 364,842 shares changed hands on the counter till 10:00AM (IST). The stock commands a market value of Rs 30538.6 crore and is part of the Auto - 2 & 3 Wheelers industry.

The scrip has been an outperformer , up 117.53 per cent in the past one year in comparison with a 78.59 per cent gain in Sensex.

During the day, the stock moved between Rs 646.65 and Rs 598.7.

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

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