TVS Electronics spurted 19.90 per cent to Rs 50.30 on reports it has put on block its 6.18 acre land at Nandambakkam near Chennai airport. Real estate consultant JonesLang LaSalle has been entrusted with the task of identifying the highest bidder for the Chennai land, reports suggest.
The net profit rose 800 per cent to Rs 0.27 crore on 25.1 per cent fall in net sales to Rs 51.14 crore in Q2 September 2007 over Q2 September 2006. The company makes IT peripherals and uninterruptible power supply devices.
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