TVS King fails to cheer investors
Foray of TVS Motor Company into three-wheeler market with the launch of TVS King didn’t evoke any positive response from the investors.
The stock plunged 4.65 per cent to Rs 37.90 on Monday on volume of 1,24,254 shares against two-week average of 9,24,182 shares.
The scrip has been in a downtrend as it shed 11.14 per cent in the past one week.
TVS King is 200 cc two stroke autorickshaw. The vehicle would come in both LPG and petrol versions.
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