DSIJ Mindshare

A flagship of TVS Group, the two/three wheeler major, TVS Motors released sales report for its premium brand TVS Apache on Monday. TVS Apache which is one of the fastest growing motorcycle brands has achieved 3 million sales milestone. The stock of TVS recovered from 1.3 per cent loss and is trading flat from the previous close at 14:54 hours.

Jaguar Land Rover sales dropped by 4.9 per cent (YoY) to 36,629 units in the month of August. Consequentially, in the Monday morning trade, the stock of Tata Motors witnessed a 2 per cent drop. The stock reported an intraday high of Rs. 276.30 and an intraday low of Rs. 272 per share.

Hi-Tech Pipes announced the installation of 400 KW grid-connected solar power plant. This rooftop solar project will be conducted at its Hindupur facilities, Andhra Pradesh. The stock of Hi-Tech Pipes is trading up gaining 4.1 per cent at 13:58 hours, despite weakness in the markets.

Power Mech has received a Letter of Intent for several work orders totalling to Rs. 247 crore. The share price of the company has however remained modest.

The equity shares of Add-Shop Promotions Limited (Scrip Code: 541865) were listed on the exchange, on Monday, post its IPO which was open for subscription from August 21, 2018 to August 30, 2018.