Shares of TVS Srichakra Ltd. have outperformed, rallying over 28% in the past month, taking the stock to its 52-week high. was hit on BSE on Nov 28, 2022. The counter was trading with a speed of about one per cent. 3,197 points on the BSE in Friday’s opening trading session.
stock is given multibagger Over 101% returns in last five months, more than above the 1,590 level 3,200 per share level recently during the period under review. TVS Srichakra shares have gained over 61% so far in 2022 (YTD), while the benchmark BSE Sensex has gained over 6% during the period.
For the quarter ending September 2022 of the current financial year (Q2 FY23), the company’s net profit grew by 51% 38 crores against 25 crore in the year-ago quarter. Meanwhile, its revenue soared 833 crore during the July-September period was up by 21% 687.51 crore in the same quarter of the current fiscal.
TVS Srichakra is a member of the TVS Group, an auto accessories conglomerate in India. TVS Srichakra is a leading manufacturer of tires and tubes for two and three wheelers in India.
The company produces 2.7 million tires and tubes per month in moped tires and has a large share of business from all original equipment manufacturers (OEMs). Other product range includes high way tires for industrial, agriculture, farm equipment, tractor, construction and OTR tyres. Export to USA, Europe, Latin America, Australasia and Middle East.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all business News, market news, today’s fresh news events and breaking news Update on Live Mint. download mint news app To get daily market updates.