TVS Motor Company catches speed as its arm aims loan growth of 25% in FY23

TVS Motor Company is currently trading at Rs. 740.00, up by 11.80 points or 1.62% from its previous closing of Rs. 728.20 on the BSE.

TVS Motor Company
TVS Motor Company

The scrip opened at Rs. 723.00 and has touched a high and low of Rs. 740.90 and Rs. 716.45 respectively. So far 19410 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 793.45 on 09-Nov-2021 and a 52 week low of Rs. 495.00 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 744.65 and Rs. 716.45 respectively. The current market cap of the company is Rs. 34933.16 crore.

The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.48% and 8.72% respectively.

TVS Motor Company’s subsidiary — TVS Credit is aiming at a loan growth of 25 per cent during the current financial year (FY23), with the focus on underserved segments of the market.

The company, which got NBFC (Non-Banking Finance Company) licence in FY10, started primarily with two-wheeler financing and subsequently forayed into used car, commercial vehicle and tractor loans.

It is also present in business and consumer durable loans. The company is onboarding 1.5-2 lakh customers every month.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

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