TVS Motor shares rise 4% after dividend announcement

TVS Motor Company's shares rose by 4% on March 21 after the company announced an interim dividend. The dividend is for the financial year ending March 31, 2025. During trading, the share price reached an intraday high of Rs 2,444.15, marking a rise of 4.15%. In the past five trading sessions, the stock has increased nearly 8%. The announcement came after a board meeting on March 20, where the company declared a dividend of Rs 10 per share. This decision will cost the company approximately Rs 475 crore. TVS Motor plans to pay the dividend within 30 days from its announcement. Investors should note that the advice from financial experts is personal and not endorsed by the website Moneycontrol.