TVS Motor Company launches Radeon, stock gains

TVS Motor Company added yet another motorcycle to its list of commuter vehicles, TVS Radeon. The stock price was up by over 1 per cent intraday.

The company claims that bike's features include synchronized braking technology and high ground clearance with spacious and comfortable seating. Radeon is targeted for the middle-class commuters. The new model focuses on safety, comfort and style. Some of the highlighted features are strong steel tubular chassis,18-size wheels with Sync Braking Technology, powerful headlamp with DRL, dura grip tyres, 3D chrome logo and maintenance free battery.

Following the news, the stock on Thursday closed at Rs. 545, up by 3.95 points or 0.73 per cent. The intraday high was Rs. 541.10 and intraday low was Rs. 529.40 per share. Its 52-week high was Rs. 794.45 and 52-week low was Rs. 507. Indian benchmark indices, Nifty50 closed at 11,582.75 level, up by 0.10 per cent and BSE Sensex closed at 38,336.76 level, up by 0.13 per cent.