Eicher Motors surges as its motorcycle arm reports 18% rise in sales in April
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Eicher Motors is currently trading at Rs. 3338.15, up by 37.45 points or 1.13% from its previous closing of Rs. 3300.70 on the BSE.
The scrip opened at Rs. 3320.00 and has touched a high and low of Rs. 3380.00 and Rs. 3320.00 respectively. So far 8201 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3886.00 on 01-Nov-2022 and a 52 week low of Rs. 2311.10 on 09-May-2022.
Last one week high and low of the scrip stood at Rs. 3380.00 and Rs. 3156.75 respectively. The current market cap of the company is Rs. 91233.45 crore.
The promoters holding in the company stood at 49.20%, while Institutions and Non-Institutions held 39.92% and 10.88% respectively.
Eicher Motors’ motorcycle arm -- Royal Enfield has reported 18 per cent growth in total sales at 73,136 units in April 2023 compared to 62,155 units in the same month last year. Domestic sales grew 28 per cent to 68,881 units from 53,852 units in the year-ago month. Exports, however, declined by 49 per cent last month to 4,255 units compared to 8,303 months in April 2022.
The company’s sales of models with engine capacity up to 350 cc increased by 26% at 64,728 units in April 2023 against 51,564 units in the same period year ago. However, the sales of its Models with engine capacity exceeding 350 cc fell by 21% at 8,408 units in April 2023 as against 10,591 units in April last year.
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.
