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    TVS Motor share price down 1.57 per cent

    Synopsis

    A total of 28,222 shares changed hands on the counter till 12:11PM (IST).

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.

    INSIGHTS

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    Shares of Company Ltd. traded 1.57 per cent up at Rs 614.9 at around 12:11PM (IST) on Wednesday. The stock had closed at Rs 624.7 in the previous session. Equity benchmark Sensex traded 340.05 points lower at 48821.76 around the same time.


    The scrip has climbed 81.12 per cent in the last one year till date, while the 30-share index has gained 44.81 per cent during the same period.

    The stock's 52-week high price stood at Rs 661.1 and the 52-week low price at Rs 300.85.

    Trading volume on the counter stood at 28,222 shares, while it quoted a price-to-earnings ratio of 49.93, an EPS value of 12.51 and a price-to-book value of 4.3. In the Nifty50 pack, 12 stocks traded in the green, while 38 stocks were in the red.

    Promoter/FII Holding
    Promoters held 57.4 per cent stake in the company as of 31-Mar-2021, while foreign institutional investors and mutual funds' ownership stood at 12.34 per cent and 11.5 per cent, respectively.

    Key Financials
    For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 6140.54 crore, up 0.47 per cent from the previous quarter's Rs 6111.56 crore and up 48.73 per cent from the year-ago quarter's Rs 4128.67 crore. The company reported net profit of Rs 310.05 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a 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 top of 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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