TVS Motor surges 10%, hits all-time high post strong June quarter results

In the past three months, the stock of TVS Motor outperformed the market as it surged 46 per cent, as compared to marginal 0.34 per cent rise in the S&P BSE Sensex.

Shares of TVS Motor Company hit all-time high of Rs 953.05, as the stock surged 10 per cent on the BSE in Friday’s intra-day trade. The spike comes after the auto major posted consolidated net profit of Rs 305.37 crore during the first quarter of the financial year 2022-23 (Q1FY23) due to increase in sales volume as against loss of Rs 10.55 crore during the April to June quarter of 2021-22 (Q1FY22).

The company’s revenue from operations grew 57 per cent year-on-year (YoY) at Rs 7,316 crore, against 4,689 crore during the same period last financial year. TVS Motor