Eicher Motors jumps as its arm looks to drive in array of new products for domestic, international markets
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Eicher Motors is currently trading at Rs. 2782.45, up by 38.55 points or 1.40% from its previous closing of Rs. 2743.90 on the BSE.
The scrip opened at Rs. 2744.20 and has touched a high and low of Rs. 2786.00 and Rs. 2742.65 respectively. So far 220089 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3035.50 on 22-Jan-2021 and a 52 week low of Rs. 1629.00 on 15-Jun-2020.
Last one week high and low of the scrip stood at Rs. 2786.00 and Rs. 2691.80 respectively. The current market cap of the company is Rs. 76032.05 crore.
The promoters holding in the company stood at 49.23%, while Institutions and Non-Institutions held 38.29% and 12.49% respectively.
Eicher Motors’ motorcycle arm -- Royal Enfield is anticipating the current fiscal to be one of the best for the company in terms of new model launches as it looks to drive in an array of new products for domestic and international markets. It has a rich pipeline of products under development which could hit the market in the coming days.
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.
