Tuesday 7 August 2018

TVS Motor rises ~3.5% ahead of results

Multinational motorcycle company TVS Motor Company rose over 3% on Tuesday ahead of its Q1FY19 results.The company has a presence across motorcycles, scooters, mopeds, and 3Ws. It has also benefited from the successful launch of Apache RTR310 and refreshed versions of Jupiter and Scooty. Interestingly, TVS is India’s fourth-largest motorcycle manufacturer, second-largest scooter-maker, and the only manufacturer of mopeds. The Chennai-headquartered company is currently trading at Rs546.05, up Rs17.95, or 3.4%, from its previous close of Rs528.10 on the BSE.


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