Eicher Motors Ltd.

Eicher Motors is currently trading at Rs. 26887.20, up by 1049.75 points or 4.06% from its previous closing of Rs. 25837.45 on the BSE.

The scrip opened at Rs. 26999.00 and has touched a high and low of Rs. 26999.00 and Rs. 26173.25 respectively. So far 5947 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 26,999.00 on 08-May-2017 and a 52 week low of Rs. 18006.00 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 26,999.00 and Rs. 25,336.80 respectively. The current market cap of the company is Rs. 73005.31 crore.

The promoters holding in the company stood at 50.58%, while Institutions and Non-Institutions held 36.48% and 12.94% respectively.

Eicher Motors is reportedly planning to invest about Rs 1,250 crore across its two-wheeler and commercial vehicle (CV) businesses during 2017-18. Of total, the company will allocate Rs 800 crore investments for Royal Enfield and Rs 450 crore for VECV’s commercial vehicle business growth.

Royal Enfield’s third manufacturing facility is expected to commence production in August 2017. With its third plant, the combined annual capacity of Royal Enfield is expected at 825,000 motorcycles in 2017-18.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana. VE Commercial Vehicles is a JV between Volvo AB and Eicher Motors.