The shares of this automobile reached a 52-week high of Rs 1,784 after the company entered Vietnam and introduced a line of two-wheelers.
With a market capitalization of Rs 84,026.28. Tvs Motor Company Ltd, On Thursday, The shares were trading at Rs 1,768.65 a share, an increase of 1.65 percent from the previous closing price.
The filing states that TVS Motor Company Ltd., working with its distribution partner Minh Long Motors, announced its entry into the Vietnamese market. In keeping with its commitment to responsible and sustainable mobility, the company will offer a variety of scooters and underbone motorcycles at various price points. Vietnam represents the company’s second significant international expansion.
Looking into the company’s finances, TVS Motor Company Ltd’s revenue increased by 16.02 percent from Rs 8,560.76 Crore in Q2FY23 to Rs 9,932.82 Crore in Q2FY24. During the same period, net profits increased by 9.6 percent from Rs 389.1 crore to Rs 426.57 crore.
TVS Motor Company Ltd reported an increase in return ratio from the previous financial year, a return on equity (ROE) increased from 17.77 percent to 26.44 percent and a return on capital employed (ROCE) increased from 11.32 percent to 14.11 percent.
The stock has delivered a return of 40.61 percent in six months and 68.64 percent in a year.
TVS Motor Company Ltd’s recent shareholding pattern, The Promoters of the The company owns 50.27 percent while Retail shareholders own a 8.11 percent stake in the company and Foreign Institutional Investors own a 18.15 percent stake.
TVS Motor Company Ltd (TVSM) is a company that produces two-wheelers and their accessories. At the moment, it produces a large selection of two- and three-wheelers.
Written by:- Abhishek Singh
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