Portions of TVS Motor Company on Friday rose more than 11 percent after the organization registered 84.7 percent ascend in the December quarter’s net profit.
Responding to the empowering income, the stock bounced 11.41 percent to ₹589, it’s one-year high on the BSE. On the NSE, it acquired 11.46 percent to its 52-week high of Rs 589.75 each.
TVS Motors on Thursday announced an 84.7 percent increment in solidified net profit at ₹289.69 crores for the second from last quarter ended December. The organization had posted a net profit of ₹156.84 crores in the October-December period of the past fiscal year.
Incomes during the time frame under audit rose 31 percent to ₹5,404 crores, it’s most elevated ever in a quarter as contrasted and ₹4,126 crores in the second from last quarter of 2019-20.