Shares of India's Eicher Motors jumped 7% on Thursday, set for their best day in a year, after the motorcycle maker's better-than-expected quarterly profit indicated, according to analysts, that the toughest phase of competition was over.
The stock was the top gainer on both the benchmark Nifty 50, which was flat, and the Nifty auto index, which is down 0.25%.
Eicher's shares were last trading 7.2% higher at 4,922 rupees and were on track for their best day since Dec. 4, 202...
India`s Eicher Motors jumps 7% after Q2 results; `toughest phase` behind it, say analysts