The return on equity (ROE) for the stock stood at 19.03 per cent. Traded volume on the counter stood at 01:24PM shares and turnover at Rs 2.95 crore around that time. The stock of TVS Motor Company Ltd. quoted a 52-week high price of Rs 659.8 and 52-week low prices of Rs 265.45, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.53.
Promotor/FII Holding
Promoters held 57.4 per cent stake in the company as of 31-Dec-2020, while FIIs held 11.15 per cent and domestic institutional investors had 12.06 per cent.
Key Financials
The company reported consolidated sales of Rs 6111.56 crore for the quarter ended 31-Dec-2020, up 15.98 per cent from previous quarter’s Rs 5269.59 crore and up 27.88 per cent from the year-ago quarter’s Rs 4779.32 crore. Net profit after tax for the latest quarter stood at Rs 283.65 crore, up 88.33 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
