Mr. Venu Srinivasan, Chairman, TVS Motor Company, on the RBI Governor's Press Conference

"I strongly support the measures announced by the RBI today to support the economy in this period. It is a sign of their continued efforts to stimulate economic activity and protect jobs. The LTRO for NBFCs and micro-lenders is a good tool to ease liquidity without tinkering with policy rates and Rs. 50,000 Crore is a substantial amount. This should, restore confidence especially among the MSME sector which provides a significant portion of the country's jobs and is integral to all supply chains. That coupled with a cut in the reverse repo rate will incentivise banks to actively lend to those most in need of funds and make it affordable for businesses to borrow, address their working capital needs and get back into action as the country opens." - Mr. Venu Srinivasan, Chairman, TVS Motor Company.

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.301.4 as compared to the previous close of Rs. 276.5. The total number of shares traded during the day was 232599 in over 4195 trades.

The stock hit an intraday high of Rs. 304.15 and intraday low of 282.55. The net turnover during the day was Rs. 68258520.

Source : Equity Bulls

Keywords