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TVS Motor reported a 25% increase in April sales, selling 3,83,615 units compared to 3,06,224 units last year. Two-wheeler sales surged by 27%, with domestic sales up 29%. Motorcycle sales grew by 24%, while scooter sales rose by 34%. However, three-wheeler sales declined. Electric vehicle sales soared to 17,403 units. ....
Stocks that were in focus included names like TVS Motor, which rose 2.22%, Berger Paint, which increased 0.7%, and Tata Communication, whose shares declined 1.55% on Monday. ....
Coming to the buildup of fresh short positions, when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. ....
Maruti Suzuki, Mahindra & Mahindra and Eicher Motor gained around 3% each, hitting new highs during the trading session. Battery maker Exide soared 16.8% to new record levels. TVS Motor rose 3.2%. ....