Shares of TVS Motor Company surged over 5% to hit its 52-week high after the auto major posted a growth of 15.7% in sales during the month of May 2017, at 282,007 units as compared to 243,783 units sold during the month of May 2016.
The stock of the company rose as much as 5.5% to Rs 565 on the BSE. Over 1 lakh shares exchanged hands on the counter against its two-week average of 50,000 shares.
Two-wheeler sales of the company grew 15.6 per cent to 275,426 units during May, 2017, as compared to 238,320 units sales posted the same month of last year. Domestic two-wheeler sales grew by 16.3 per cent to 240,527 units from 206,886 units during May, last year.