Shares of TVS Motor surged 3.4 percent on Wednesday, April 19, to touch a new 52-week high following the launch of the TVS NTORQ 125 Race Edition at the Makina Auto Show in the Philippines.
This scooter comes with a SmartXonnectTM feature that allows riders to connect their smartphone, giving them access to a fully digital instrument cluster with 60 plus features
During Wednesday’s trade, the stock opened at a price of Rs. 1,147 per share against the previous close of Rs. 1,144.95 per share and grew further during the early trading session to touch a new 52-week high of Rs. 1,184.40.
It was trading at ₹1,179.25 apiece, up by 3 percent, at 11:20 a.m. on the NSE.
The stock touched a 52-week low of Rs. 589.05 on May 12, 2022, indicating that it is currently trading over 100 percent above that level.
The stock has grown almost 14 percent in the last six months. Moreover, in the last one year, it has yielded a return of over 84 percent. In the past five years, it has gained nearly 77 percent.
"Since the launch, TVS NTORQ 125 has been a favourite among Gen Z customers in the Philippines due to its striking appearance and connected features with TVS SmartXonnect TM," said J Thangarajan, President Director of PT TVS Motor Company, Indonesia.
In the Philippines, he continued, the introduction of the TVS NTORQ 125 has been positively appreciated. 'The scooter has quickly established itself as a favourite, and we are confident that the new Race Edition will further find favour with customers looking for a thrill and performance," he added.
TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia, its website shows.