Eicher Motors Ltd.

BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
7315.00
-4.60 (-0.06%)
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Eicher Motors gains after its motorcycle division reports 52% jump in March sales

Date: 04-04-2016

Eicher Motors is currently trading at Rs. 19,435.00, up by 196.50 points or 1.02% from its previous closing of Rs. 19,238.50 on the BSE.

The scrip opened at Rs. 19,315.10 and has touched a high and low of Rs. 19,478.05 and Rs. 19,290.05 respectively. So far 2,140 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 21,618.30 on 21-Jul-2015 and a 52 week low of Rs. 13,930.00 on 27-Apr-2015.

Last one week high and low of the scrip stood at Rs. 19,478.05 and Rs. 18,200.00 respectively. The current market cap of the company is Rs. 52,787.76 crore.

The promoters holding in the company stood at 54.88%, while Institutions and Non-Institutions held 31.49% and 13.62% respectively.

Eicher Motors’ motorcycle division has reported a 52% jump in total sales in March 2016 at 51,320 units, as against 33679 units in the same month last year. During March 2016, the number of motorcycle units exported, increased by 53% to 1261 units from 825 units in March 2015.

The company’s sales of vehicles with engine capacity up to 350 cc increased by 55% at 45639 units in March 2016 against 29449 units in the same period year ago, while the sales of its vehicles with engine capacity exceeding 350 cc increased by 34% at 5681 units as against 4230 units in March last year.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.