TVS Electronics hits upper circuit

The stock of TVS Electronics was roaring on the bourses during Monday’s trade as it sparked up by 19.98% to breach upper circuit. The stock traded on a new 52-week high value of Rs 265.70.

The stock breached upper circuit at Rs 265.70 per share, up by Rs 44.25 or 19.98% during Monday’s trade on the BSE. It witnessed a spurt in volume by more than 16.15 times.

The stock attracted a traded volume of 33,66,487 shares and traded value of Rs 8,419.58 lakh on the NSE. The company hit its 52-week high of Rs 265.90 during Monday’s trade and had hit 52-week low of Rs 89.15 on November 22, 2016, on the NSE.

The exchange has sought clarification from TVS Electronics with reference to increase in volume and the reply by the company is awaited.

TVS Electronics Limited is engaged in manufacturing of computer printers, trading of computer printers/keyboards and telecommunication parts, distribution of mobile phones, and offering services. The Company operates through two segments: Information Technology related products and technical services.
 

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