TVS Electronics Ltd up by 7.85 percent - Traders Corners | Espresso

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Espresso Shot of the Day - TVS Electronics Ltd up by 7.85 percent

August 23, 2022
Espresso Shot of the Day - TVS Electronics Ltd up by 7.85 percent

TVS ELECTRONICS LTD  272.85 (+7.85%)  BSE – INE236G01019 | 23rd  August 2022

https://www.myespresso.com/images/Binge-graph-image_TVS-Electronics-Ltd-202208231842008032226.jpg

TVS Electronics LTD is one of the premier IT Peripheral companies in India. The company is a part of the 99-year-old USD 3.5 billion TVS Group one of India's oldest & most trusted business groups. They are engaged in the business of transaction automation information technology (IT) products and solutions. The company has two subsidiary companies namely Tumkur Property Holdings Ltd and Prime Property Holdings Ltd. The company is a subsidiary of TVS Investments Ltd. Sundaram-Clayton Ltd is the ultimate holding company.The company is headquartered in Chennai. The company has their manufacturing unit in Dehradun, Uttarakhand. They have a partner network comprising of 3500+ authorized dealer partners and 400+ authorized service partners covering 450+ towns. The company's principal products include computer peripherals and IT management services.


Recent Driver

  • TVS Electronics acquired the business and IP rights of GTID Solutions Development. The cost of acquisition is Rs. 2.25 crores on August 23,2022.
  • With this agreement, TVS entered into mobile POS software solutions and authentication solutions space. It will offer hardware along with required applications, digital payment solutions, cloud computing software solutions etc. to segments like retail, banks and government.
  • On August 13,2022, TVS Electronics reported a net profit of Rs. 4 crores for the quarter ended June 30, 2022 against a net loss of Rs. 53 lakhs for the same period last year.
  • The Company reported Net Sales of Rs. 86 crores against Rs. 54 crores for the same period last year.
  • Brickwork Ratings India Private Limited upgraded the ratings of TVS for Long Term - BWR A Outlook: Stable from BWR A- and Non Fund based Short Term - BWR A1 (Upgrade) from BWR A2+ on July 12,2022.
(Sources: BSE, Moneycontrol,Business Standard,Business Line)


Technical Force*

  • S&P Bse smallcap month till date gain by 3.72%.
  • 3 months avg. NSE volume: 92,155
  • Quantity traded: 80,154| Deliverable Quantity: 39,931 (49.82%)
  • The stock price jumped by more than 70 % from a one-year low level: 154.65 (August 24 ,2021)
  • Daily RSI (14) is at overbaught territory today.
  • 52-week-high: 286.70| 52-week-low: 154.65


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

332.70

274.85

224.75

166.90

116.80

58.95

8.85

-

Fibonacci Pivot

274.85

233.61

208.14

191.73

166.90

142.07

125.66

100.19

58.95


Today’s Close

272.85

SMA

BSE

10 DAY

231.57

20 DAY

208.69

50 DAY

205.54

200 DAY

208.69


Some Key Ratios (Source: BSE)

Market Cap: 508.87 crores

PE: 33.72

OPM%: 9.87

ROE%:  16.29

Promoters holding%: 59.91

Prev. Close:  253.00


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.