The rural push in the Budget has buoyed shares of companies focused on rural demand.
TVS Motor has hit a 52 week high of Rs 320 a share in the Bombay Stock Exchange on March 28. The stock prices saw an upward trend from March 18 and went through a significant hike from March 21.On March 21, the stock prices went up from Rs 287.6 a share to Rs 305.35 per share, before closing the day. The prices went up during the next days and has hit a 52 week high today. The stock prices were a 52 week low at Rs 201 a share on August 24, 2015, according to BSE.On March 16, the company announced that it has made an arragement with e-commerce major Snapdeal to sell its two-wheelers online. It has also announced about the meetings it is organised with analysts and fund houses from MSD India Partners, Cartica Capital, Ventura Securities Ltd, Prabhudas Lallidher and Ward Ferry Management Ltd during the period between March 22 and 31.In January, this year, Venu Srinivasan, Chairman of TVS Motor said that the company is expected to see big growth in motor cycle sales this year. Overall the
Motorcycle sales rose 3.77%, scooter sales surged 18.21%