Some of the most expensive stocks in an expensive market. Analysis by ML Research Desk
TVS Motor Co Ltd said that robust demand for its products across all segments of the two and three-wheeler industries has enabled it to post a total sales growth of 48% in October 2010.
During October, the company registered total sales of 1,95,271 units compared with 1,31,941 units same month last year while its cumulative sales for the seven months to October, stood at 1.12 million units, TVS Motor said in a statement.
During last month, total two-wheeler sales of the company grew by 46% with sales of 191,822 units against 131,029 units same month a year ago.
Cumulative two wheeler sales for the period April to October increased 34% with sales of 1.17 million units over 868,509 units in the corresponding period last year.
On Monday, TVS Motor shares ended 6.2% up at Rs77 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up to 20,355 points
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