The return on equity (ROE) for the stock stood at 15.52 per cent. Traded volume on the counter stood at 11:12AM shares and turnover at Rs 2.53 crore around that time. The stock of TVS Motor Company Ltd. quoted a 52-week high price of Rs 661.1 and 52-week low prices of Rs 300.85, 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-Mar-2021, while FIIs held 12.34 per cent and domestic institutional investors had 11.5 per cent.
Key Financials
The company reported consolidated sales of Rs 6140.54 crore for the quarter ended 31-Mar-2021, up 0.47 per cent from previous quarter’s Rs 6111.56 crore and up 48.73 per cent from the year-ago quarter’s Rs 4128.67 crore. Net profit after tax for the latest quarter stood at Rs 310.05 crore, up 318.7 per cent from the same quarter a year ago.
Technicals
The MACD signalled a 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.
