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TVS Motor Company shines on reporting 15% rise in Q2 consolidated net profit

TVS Motor Company is currently trading at Rs. 452.00, up by 15.85 points or 3.63% from its previous closing of Rs. 437.15 on the BSE.

The scrip opened at Rs. 434.00 and has touched a high and low of Rs. 459.70 and Rs. 428.75 respectively. So far 205216 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 594.00 on 13-Dec-2018 and a 52 week low of Rs. 340.30 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 459.70 and Rs. 386.55 respectively. The current market cap of the company is Rs. 21595.08 crore.

The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 32.21% and 10.39% respectively.

TVS Motor Company has reported 20.68% rise in its net profit at Rs 255.01 crore for the quarter ended September 30, 2019, as compared to Rs 211.31 crore for the same quarter in the previous year. However, total income of the company decreased by 12.84% at Rs 4,352.74 crore for Q2FY20 as compared Rs 4,994.21 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 15.09% rise in its net profit at Rs 256.88 crore for the quarter under review as compared to Rs 223.19 crore for the same quarter in the previous year. However, total income of the company decreased by 9.18% at Rs 4966.88 crore for Q2FY20 as compared Rs 5468.75 crore for the corresponding quarter previous year.

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