"The Board at its meeting held today declared an interim dividend of Rs 8 per share (800%) on 47,50,87,114 equity shares of Re 1 each fully paid up, absorbing a sum of Rs 380 crore for the financial year 2024," the company said in a filing.
TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal.
TVS Motor, one of the country s leading two-wheeler makers released its Q3FY24 earnings today, posting a 68% jump in its standalone net profit at ₹593.35 crore as compared to a net profit of ₹352.75 crore in the same period last year.
TVS Motor Company’s daily trend is bullish. The RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 2000 and 2100. Let’s plan a trade around this.