TVS Motor volatile

about 1 year ago
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TVS Motor, which had closed yesterday at Rs.334.25, opened with a good gap upwards at Rs.349.95, its intraday high but after that reality hit and the stock fell back to its days low currently at Rs.314.95. It is presently at Rs.320 levels, down in the red.

The company stated yesterday that the corporate office of its subsidiary , PT.TVS Motor Company Indonesia, in Jakarta will continue to be closed and employees will work from home as advised by the Governor of Jakarta.

Though the subsidiary’s plant in Java will resume operations from tomorrow viz., 26th March 2020 and any decision on closure of plant at Karawang, West Java, Indonesia will be taken in consultation with the Governor of West Java and the local Government authorities.

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