Powered by: Motilal Oswal
01-03-2024 11:41 AM | Source: Accord Fintech
Eicher Motors gains as its motorcycle division reports 6% rise in February sales

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Eicher Motors is currently trading at Rs. 3855.75, up by 62.75 points or 1.65% from its previous closing of Rs. 3793.00 on the BSE.

The scrip opened at Rs. 3799.45 and has touched a high and low of Rs. 3856.00 and Rs. 3778.00 respectively. So far 7168 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4201.70 on 04-Dec-2023 and a 52 week low of Rs. 2835.95 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 4016.55 and Rs. 3760.05 respectively. The current market cap of the company is Rs. 105141.36 crore.

The promoters holding in the company stood at 49.15%, while Institutions and Non-Institutions held 40.10% and 10.75% respectively.

Eicher Motors’ motorcycle division has reported 6% rise in sales at 75,935 units in February 2024 as compared to 71,544 motorcycles sold in February 2023. The company’s sales of models with engine capacity up to 350 cc increased by 2% at 66,157 units in February 2024 against 64,810 units in the same period year ago. The sales of its Models with engine capacity exceeding 350 cc rose by 45% at 9,778 units in February 2024 as against 6,734 units in February 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.