India's TVS Holdings hits 5-1/2-yr high on Q1 profit surge

TVS Holdings

25/07/2023 10:32

** Shares of TVS Holdings Ltd  SUND.NS  rise as much as 7.1%
to 5,368 rupees, highest since Nov. 6, 2017
    ** Co says June-qtr consolidated net profit rose nearly 23%
to 1.96 bln rupees ($23.95 mln) aided by strong revenue growth
in its financial services segment
    ** Revenue from ops grew 23.5%
    ** Trading volume at ~32,700 shares, 2.7x the 30-day avg as
of 2:40 p.m. IST
    ** Stock last up ~14.5% YTD 



($1 = 81.8325 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))