TVS Motor Company is currently trading at Rs. 442.15, up by 4.65 points or 1.06% from its previous closing of Rs. 437.50 on the BSE.
The scrip opened at Rs. 437.50 and has touched a high and low of Rs. 443.05 and Rs. 437.50 respectively.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 503.00 on 31-Oct-2019 and a 52 week low of Rs. 240.10 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 462.90 and Rs. 427.00 respectively. The current market cap of the company is Rs. 20785.06 crore.
The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 32.50% and 10.10% respectively.
TVS Motor Company has further invested a sum Rs 30 crore in Compulsorily Convertible Cumulative Preference Shares of Ultraviolette Automotive (UAPL). Consequent to the said investment, the company’s holding in UAPL increased to 29.48%. This investment is part of its latest round (Series B) of funding.
To accelerate the adoption of electric vehicles in India, Ultraviolette Automotive set-out to build India’s first high-performance electric motorcycle – the F77, three years ago. The company unveiled the pre-production version of the F77 in November 2019, setting new benchmarks in the Indian EV industry, and is now gearing up towards launching the motorcycle in the market.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
