Multibagger stock update: This two-wheeler giant launches new products in Ghana!

Shares of the company have gained more than 65 per cent in a year.

On March 27, 2023, TVS Motor Company Limited informed in the exchange filing about the launch of seven new products in Ghana, Africa. The company has introduced an array of exciting offerings, including the Bebek - TVS Neo NX, three variants of the TVS HLX series (TVS HLX 125, TVS HLX 150 & TVS HLX 150X), the TVS Apache 180, and the three-wheelers TVS King series.

Further delivering on its commitment to provide best-in-class mobility solutions to its customers through a strong focus on innovation and technology, TVS Motor Company aims to expand its reach and explore new opportunities and avenues for growth in the region. TVS Motor Company ranks amongst the top five two-wheeler companies in the world with a presence in over 80 countries across Africa, South East Asia, the Indian Sub-Continent, Latin America and the Middle East.

TVS Motor Company Limited has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 303.95 on March 27, 2020, to Rs 1048.40 on March 27, 2023, an increase of more than 200 per cent in three years holding period.

Today, the stock opened at Rs 1040, with a high and low of Rs 1055 and Rs 1031.45. The stock is currently trading at Rs 1048.50, down by 0.65 per cent over its previous close of Rs 1041.75. The stock has a 52-week high of Rs 1177 and a 52-week low of Rs 589.10.