TVS Motor on the 'high'way

TVS Motor Company hit a new high at Rs.201.80 and it is currently up over 3%, remaining strongly in the green.

The stock is reacting positively to the sales figures of the company for August’14. The company posted a 46% (YoY) rise in total sales at 2.27 lakh units. Two-wheeler sales were up 47% at 2.17 lakh units and 3-wheeler sales rose 39% at 9820 units. Total exports were up 28% at 35,074 units and export of two-wheeler rose 27%.