TVS Motor on the highway

TVS Motors is doing well today. The stock is up currently 4% at Rs.37.70, with an intra day high at Rs.38.35. Volumes are pretty robust at almost 6.5 lakh shares changing hands in morning trades.

There is a Press Conference scheduled for today and this has raised hopes that the company is likely to announce today its tie-up with  BMW Motorrad, the motorcycle division of Germany's BMW AG. This tie-up could catapult the company to the top notch position when it comes to premium range bikes. There is no equity stake involved but would most likely be just a partnership for technology and marketing.