Eicher Motors gains as its JV reports marginal rise in total sales in December
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Eicher Motors is currently trading at Rs. 4961.95, up by 76.45 points or 1.56% from its previous closing of Rs. 4885.50 on the BSE.
The scrip opened at Rs. 4875.55 and has touched a high and low of Rs. 4963.80 and Rs. 4861.85 respectively. So far 4029 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5110.75 on 2-Jan-2025 and a 52 week low of Rs. 3564.00 on 24-Jan-2024.
Last one week high and low of the scrip stood at Rs. 5110.75 and Rs. 4741.90 respectively. The current market cap of the company is Rs. 136024.53 crore.
The promoters holding in the company stood at 49.10%, while Institutions and Non-Institutions held 41.38% and 9.52% respectively.
Eicher Motors and Volvo Group's joint venture (JV) company -- VE Commercial Vehicles (VECV) has posted 3.7% rise in total sales at 8,324 units in December 2024 as compared to the same month last year. It had sold 8,026 units in December 2023.
In the domestic front, Eicher branded trucks and buses recorded sales of 7,545 units in December 2024 as compared to 7,468 units in December 2023. Exports of Eicher branded trucks and buses were up 52.6% at 490 units in December 2024 as compared to 321 units in December 2023.
Moreover, the total sales of Volvo Trucks & Buses witnessed a 21.9% increase, totaling 289 units in December 2024 as compared to 237 units in December 2023.
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.
