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Shares of TVS Motor Company rose nearly 4 per cent in the morning trade on the bourses on expectations of robust fourth quarter earnings, to be announced later in the day.
Defying the sluggish broader market sentiment, the company’s scrip went up by 3.76 per cent to touch an early high of Rs 62 on the Bombay Stock Exchange. Likewise on the National Stock Exchange, the scrip gained 3.76 per cent to touch a high of Rs 62.
In terms of volume, over 30 lakh shares of the company were traded on the bourses within the first two hours of trade.
Experts attributed the rise in stock to buying by investors as the market is expecting good quarterly earnings from the company.
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