Eicher Motors inches up after its motorcycle division reports 12% rise in April sales
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Eicher Motors is currently trading at Rs. 4596.45, up by 0.40 points or 0.01% from its previous closing of Rs. 4596.05 on the BSE.
The scrip opened at Rs. 4603.65 and has touched a high and low of Rs. 4629.15 and Rs. 4546.30 respectively. So far 5735 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4689.55 on 30-Apr-2024 and a 52 week low of Rs. 3159.20 on 10-Jul-2023.
Last one week high and low of the scrip stood at Rs. 4689.55 and Rs. 4486.95 respectively. The current market cap of the company is Rs. 125697.32 crore.
The promoters holding in the company stood at 49.15%, while Institutions and Non-Institutions held 40.09% and 10.76% respectively.
Eicher Motors’ motorcycle division has reported 12% rise in sales at 81,870 units in April 2024 as compared to 73,136 motorcycles sold in April 2023. The company’s sales of models with engine capacity up to 350 cc increased by 13% at 72,866 units in April 2024 against 64,728 units in the same period year ago. The sales of its Models with engine capacity exceeding 350 cc increased by 7% at 9,004 units in April 2024 as against 8,408 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.
