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Eicher Motors slips on motorcycle division reporting 24% fall in August sales

03 Sep 2019

Eicher Motors is currently trading at Rs. 15838.10, down by 422.25 points or 2.60% from its previous closing of Rs. 16260.35 on the BSE.

The scrip opened at Rs. 16129.00 and has touched a high and low of Rs. 16129.00 and Rs. 15689.45 respectively. So far 2948 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 29799.95 on 18-Sep-2018 and a 52 week low of Rs. 15196.95 on 26-Aug-2019.

Last one week high and low of the scrip stood at Rs. 16700.00 and Rs. 15196.95 respectively. The current market cap of the company is Rs. 43214.57 crore.

The promoters holding in the company stood at 49.31%, while Institutions and Non-Institutions held 37.95% and 12.74% respectively.

Eicher Motors’ motorcycle division has reported 24% fall in sales at 52,904 units in August 2019 as compared to 69,377 motorcycles sold in August 2018. During August 2019, export of number of motorcycles increased by 205% to 4,152 units from 1,363 units in August 2018.

The company’s sales of vehicles with engine capacity up to 350 cc decreased by 32% at 44,694 units in August 2019 against 65,712 units in the same period year ago. However, the sales of its vehicles with engine capacity exceeding 350 cc increased by 124% at 8,210 units as against 3,665 units in August 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.

Related Eicher Motors Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323