Record Date March 26: TVS Motor Delivers 1000% Dividend; Eyes Rs 2,800 Target—Is It Time To Ride The Rally?

TVS Motor Company is a well-known producer of two and three-wheelers worldwide, with four cutting-edge production plants spread across Indonesia and India. The only two-wheeler business to get the coveted Deming Prize is TVS Motor. According to the J.D. Power IQS and APEAL surveys, the products in question are the best in their respective categories. For four years running, the company have been the top-ranked company in the J.D. Power Customer Service Satisfaction Survey. After the Board announced an interim dividend of Rs. 10/-per share for the fiscal year ending March 31, 2025, TVS Motor Company's shares closed the day 3.03% higher on the BSE at Rs 2417.90 a share, with a market capitalization of Rs 1,14,871.31 Cr.

TVS Motor Dividend

"The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs. 10/- per share (1000%) on 47,50,87,114 equity shares of Re.1/- each fully paid up, absorbing a sum of Rs. 475 Cr, for the financial year ending 31st March 2025. Further, we wish to inform that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date for the purpose of interim dividend will be 26th March 2025," said TVS Motor in a stock exchange filing.

TVS Motor Dividend Payment Date

"The interim dividend declared will be paid to those shareholders, who hold shares in physical form and / or in electronic form and whose names appear in the Register of Members and / or Depositories respectively, as at the close of working hours on 26th March 2025, being the Record Date fixed by the Company for this purpose. The dividend payment will be made within a period of 30 days from the declaration of interim dividend, as provided in the Companies Act, 2013," informed TVS Motor to stock exchanges.

TVS Motor News

Peyman Kargar was recently appointed as Head of International Business by TVS Motor Company (TVSM) on March 20. He will report to K N Radhakrishnan, Director & CEO, TVS Motor Company, and be stationed in Dubai. With more than 30 years of expertise in Europe, Asia, and the Middle East, Peyman is a successful worldwide automotive pioneer.
K. N. Radhakrishnan, Director & CEO, TVS Motor Company said, "Peyman's prolific global leadership experience and expertise will add significant value to the company. The Company has been strengthening its position in international markets and has plans to expand further in advanced economies. We are confident that under his leadership, we will further strengthen our market position and continue to set benchmarks. We wish him the very best and welcome him to the TVSM family."

TVS Motor Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "TVSMOTOR is currently trading at Rs 2,413.85, having undergone a decline of nearly 19% before consolidating near key demand zones. The stock has now shown a potential reversal and has successfully broken out of its consolidation range, signaling renewed strength. A strong bullish candle on the daily timeframe, supported by increasing trading volumes, further reinforces buying interest and momentum."

"On the technical front, TVSMOTOR has surpassed its short-term (20-day), medium-term (50-day), and long-term (200-day) EMAs, indicating a shift in momentum towards bullishness. The Relative Strength Index (RSI) is at 57.14, trending upwards, which suggests increasing strength and positive sentiment. If TVSMOTOR manages to sustain above Rs 2,450, it could confirm the breakout and open the doors for further upside towards the Rs 2,600-Rs 2,800 range in the near term," the analyst added.

"For short-term traders, buying at current levels presents an opportunity to capitalize on the bullish momentum, while long-term investors can also consider accumulating at these prices. Additionally, any dips in the stock could offer further buying opportunities to add to positions, given the strong technical outlook," Hardik Matalia further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.