TVS Motors revvs up in Feb

TVS Motors is the top gainer on the BSE currently, up almost 9% at Rs.296 levels though it remains pretty far from surpassing its 52-week high of Rs.322.

The stock has spurted, enthused by its very good sales numbers for Feb’15 and that too when its peers, Bajaj Auto and Hero Moto put up a poor show. The company reported a 15% (YoY) rise in total sales at 2.04 lakh units while total exports grew 35% to 38,725 units. The total two-wheeler sales rose 15% to 1.95 lakh unit and even its three-wheeler segment did very well, registering a 23% surge in sales at 9,056 units. Thus the market is enthused that it is an overall growth across all segments which showed a robust sales number for Feb.