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TVS Motors Gains 3%; BSE AUTO Index Up 1.2%
Wed, 7 Aug 10:14

TVS Motors Gains 3%; BSE AUTO Index Up 1.2%Image source: Kameleon007 /www.istockphoto.com

TVS Motors share price has zoomed 3% and is presently trading at Rs 2,555.6.

Meanwhile, the BSE AUTO index is at 56,219.3 (up 1.2%).

Among the top gainers in the BSE AUTO index today are Hero Motocorp (up 2.5%) and Maruti Suzuki (up 2.0%).

Eicher Motor (down 0.6%) and Bosch (down 0.5%) are among the top losers today.

Over the last one year, TVS Motors has moved up from Rs 1,340.9 to Rs 2,555.6, registering a gain of Rs 1,214.7 (up 90.6%).

On the other hand, the BSE AUTO index has moved up from 35,205.2 to 56,219.3, registering a gain of 59.7% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 105.2%), Cummins India (up 101.6%) and TVS Motors (up 90.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,162.4 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.2%) and Maruti Suzuki (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,198.8 (up 0.9%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,162.4, registering a gain of 13,208.9 points (up 20.0%).

TVS Motors Financial Update...

TVS Motors net profit grew 11.2% YoY to Rs 5,029 million for the quarter ended June 2024, compared to a profit of Rs 4,522 million a year ago. Net sales rose 14.9% to Rs 104,069 million during the period as against Rs 90,555 million in April-June 2023.

For the year ended March 2024, TVS Motors reported 35.8% increase in net profit to Rs 17,785 million compared to net profit of Rs 13,095 million during FY23. Revenue of the company grew 22.4% to Rs 391,447 million during FY24.

The current Price to earnings ratio of TVS Motors, based on rolling 12 month earnings, stands at 64.8.

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