TVS Motor drops 4% on weak August sales

03rd September 2012 11:18 AM

Two-wheeler major TVS Motor Company dropped on Monday after it reported 20.6% dip in sales at 1,54,647 units in August as against the sale of 1,94,898 units during the same month last year. Sales of two wheelers plunged to 1, 50,740 units in August 2012 as against 1, 90,184 units recorded in the same period of last year, the company said in a statement.The company had sold 3,907 units of three wheelers in August 2012 as against 4,714 units in the corresponding period of previous year.

Shares of the company are trading at Rs 37.50, down Rs 1.65, or 4.21% at the Bombay Stock Exchange (BSE) on Monday at 10:00 a.m.The scrip has touched an intra-day high of Rs 40.10 and low of Rs 38.60. The total volume of shares traded at the BSE is 75,715.In the earlier session, the shares declined 0%, or Rs 0, at Rs 39.80. Currently, the stock is trading down 45.09% from its 52-week high of Rs 70.30 and above 21% over the 52-week low of Rs 31.90.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 40.30 (1.15) (2.85) 1 Month 38.10 1.05 2.76 3 Months 33.20 5.95 17.92 6 Months 44.35 (5.20) (11.72) 1 Year 57.40 (18.25) (31.79) Note: Based on previous day closing price.
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