TVS Motor Company Ltd up by 14.06% | Espresso Market Updates

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Espresso shot of the day – TVS Motor Company Ltd up by 14.06 percent

April 28, 2021
Espresso shot of the day – TVS Motor Company Ltd up by 14.06 percent

TVS MOTORS COMPANY LTD 645.90 (+14.06%) BSE – INE494B01023 | 28TH APRIL 2021

TVS Motor Company Limited is the third largest 2-wheeler company in India with revenue of over Rs 18,217 crores (over US$2.9 billion). It has an annual sale of more than 3 million units and an annual capacity of over 4.95 million vehicles. TVS Motor Company Limited is also the 2nd largest exporter in India with exports to over 60 Countries. A member of the TVS Group, it is the largest company of the group in terms of size and turnover. TVS Motor manufactures the largest range of 2-wheelers, starting from mopeds, to scooters, commuter motorcycles, to racing inspired bikes like the Apache series and the RR310.

Recent Drivers

  • On 27th April 2021, TVS Motor Company Limited posted nearly four-fold increase in its consolidated net profit to Rs 319.19 crores for the fourth quarter ended March 31, 2021. The company had reported a net profit of Rs 81.84 crores during the January-March quarter of 2019-20.
  • Revenue of TVS Motor Company Limited grew from Operations by 53% at Rs 5,322 Crores for the quarter under review against Rs 3,481 Crores reported in the fourth quarter of 2019-20.
  • On 1st April 2021, TVS Motor Company Limited reported a 115 % growth in domestic two-wheeler sales, which grew to 2, 02,155 units in March 2021 from 94,103 units in March 2020.
  • On 1st April 2021, TVS Motor Company Limited reported that exports rose 138 % as it sold 119,422 units abroad in March 2021 as against 50,197 units a year ago. Their international two-wheeler business achieved a sales milestone of 100,000 units in March.
  • On 10th March 2021, TVS Motor Company Limited launched TVS Apache RTR 160 4V motorcycle.
(Sources: Moneycontrol, Livemint, Business Standard, TVS Motors)

Technical Force*

  • S&P BSE 100 month till date gain up by 1.18%
  • Traded on new 52 Week High value 661.10
  • Spurts in volume by more than 24.98 times compares to previous vol. 3 months avg volume – 1,40,336
  • Quantity traded 12,68,146 Deliverable quantity 1,21,871 (9.61%)
  • Stock price has jumped more than 120 % from one year low level – 291.40 ,28 May 2020
  • Daily RSI(14) is near overbought territory today
  • 52- week high- 661.10 | 52- week low- 291.40

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

868.57

693.78

589.67

414.88

310.77

135.98

31.87

-

Fibonacci Pivot

693.78

587.24

521.42

479.03

414.88

350.74

308.34

242.52

135.98


Today’s Close

645.90

SMA

BSE

10 DAY

554.69

20 DAY

563.16

50 DAY

586.27

200 DAY

498.69

Some Key Ratios (Source: BSE)

Market Cap: 30,685.88 crores

PE: 77.36

OPM%: 9.17

ROE%: 10.60

Promoters holding : 57.40

Prev. Close: 566.30

*Chart And Technical Force data taken 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.