TVS Motor surges 9% on possible deal with BMW

TVS Motor surged over 9 percent on the back of news that the auto manufacturer may announce its final deal with BMW on April 8.

This deal will principally have two components. First, there is going to be a technology alliance between the two partners. Second, there is possibility of joint manufacturing of select high-end motorcycles of TVS, reports CNBC-TV18's Ronojoy Banerjee quoting sources. (Full report)

At 10:29 hrs the share was quoting at Rs 34.90, up Rs 3.00, or 9.40%. It has touched an intraday high of Rs 37.35 and an intraday low of Rs 33.95. It was trading with volumes of 349,618 shares, compared to its five day average of 99,862 shares, an increase of 250.10%.

In the previous trading session, the share closed down 0.00% or Rs 0.00 at Rs 31.90.

The share touched its 52-week high Rs 50.25 and 52-week low Rs 31.50 on 11 January, 2013 and 02 April, 2013, respectively.