Some years back, LML shut its plants and became bankrupt. Looking at the financial results of TVS motor, it looks like it is also headed towards a similar fate. The company's fundamentals are quickly deteriorating. Company had a pretty good result in 2003 and the stock price touched a lifetime high of 113.69 (actually 1136.9 but it had announced a split 10:1). Then again in March 2006, a lot of hope took the stock to a lifetime high of 186.7. Today it is at INR 25. The book value of the stock is 34 but it has a debt of around INR 635 Cr which balances all the net worth. The lifetime low is INR 6.5. Let's see if it breaks it.
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