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.

MUMBAI: 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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