TVS Motor shares drop 0.42% as Sensex falls

TVS Motor shares drop 0.42% as Sensex falls
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Synopsis

The stock quoted a 52-week high of Rs 665.7 and a 52-week low of Rs 358.45.

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Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.
Shares of Company Ltd. traded 0.42 per cent lower in Friday's session at 12:40PM (IST). The stock opened at Rs 613.8 and has touched an intraday high and low of Rs 615.0 and Rs 593.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 665.7 and a 52-week low of 358.45. About 62,894 shares changed hands on the counter so far.

Benchmark Nifty50 was down 100.05 points at 15591.35, while the BSE Sensex traded 293.12 points lower at 52030.21 at the time of writing of this report.

Did you Know?

Stock score of TVS Motor Company Ltd moved down by 1 in a week.

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In the Nifty pack, 11 stocks traded the day in the green, while 39 were in the red.


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. The company reported net profit of Rs 310.05 crore for the latest quarter.

Promoter Holdings
Promoters held 57.4 per cent stake in the company as of 31-Mar-2021, while FIIs held 12.34 per cent and MFs 11.5 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 536.54 on June 18, while the 50-DMA was at Rs 606.02. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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