Chart Of The Day – TVS Motor Rallies 3.7% Post Strong Results

TVS Motor Q2 net profit of Rs 211 crore was in line with estimates. The revenue came 23% higher at Rs 4,993 crore. Today, the stock gained 3.7%, but continues to trade below its 50- and 200-DMA. On upside, the 50-day line which is 3% away from the current price can serve as resistance. The board recommended an interim dividend of Rs 2.10 per share.

TVS Motor_MarketSmithIndia

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