TVS, Eicher Motors hit 52-week highs on healthy growth prospects

Shares of TVS Motor and Eicher Motors have rallied up to 20 per cent each in the last one month as against a 6 per cent rise on the Sensex.

Shares of two-wheeler companies were in focus with TVS Motor Company and Eicher Motors at their respective 52-week highs on the BSE in Tuesday’s intraday trade on expectation of healthy demand for vehicles on back of strong rural demand supported by favorable rabi output, increase in crop prices and opening up of schools and colleges.

Among the individual stocks, TVS Motor hit a record high at Rs 888.80, up 1 per cent, surpassed its previous high of Rs 885.85 touched on July 1, 2022. Eicher Motors hit a fresh 52-week high of Rs 3,088, up nearly 2 per cent