Published on 2/09/2022 3:36:16 PM | Source: Accord Fintech

Eicher Motors gains as its motorcycle arm reports 53% rise in August

Posted in Industry News| #Auto Sector #Stock Market #Eicher Motors Ltd

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Eicher Motors is currently trading at Rs. 3435.45, up by 24.80 points or 0.73% from its previous closing of Rs. 3410.65 on the BSE.

The scrip opened at Rs. 3465.00 and has touched a high and low of Rs. 3465.75 and Rs. 3418.90 respectively. So far 16032 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3512.75 on 25-Aug-2022 and a 52 week low of Rs. 2110.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 3465.75 and Rs. 3211.00 respectively. The current market cap of the company is Rs. 93811.72 crore.

The promoters holding in the company stood at 49.21%, while Institutions and Non-Institutions held 39.73% and 11.06% respectively.

Eicher Motors’ motorcycle arm -- Royal Enfield has reported 53% increase in total sales at 70,112 units in August, 2022. The company had sold 45,860 units in the same month last year. Domestic sales were at 62,236 units as against 38,572 units in August 2021, registering a growth of 61%. Exports grew by 8.1% at 7,876 units last month as compared to 7,288 units in the year-ago period.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles