Eicher Motors Ltd.

BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
7144.25
-30.50 (-0.43%)
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Eicher Motors rises on its JV reporting 14.6% rise in October sales

Date: 02-11-2017

Eicher Motors is currently trading at Rs. 31227.10, up by 297.35 points or 0.96% from its previous closing of Rs. 30929.75 on the BSE.

The scrip opened at Rs. 30935.00 and has touched a high and low of Rs. 31415.75 and Rs. 30935.00 respectively. So far 381 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33483.95 on 08-Sep-2017 and a 52 week low of Rs. 19570.90 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 32762.90 and Rs. 30880.90 respectively. The current market cap of the company is Rs. 84840.42 crore.

The promoters holding in the company stood at 50.55%, while Institutions and Non-Institutions held 36.61% and 12.84% respectively.

Eicher Motors’ joint venture (JV) with Volvo Group VE Commercial Vehicles (VECV) has reported 14.6% increase in its total sales at 5,228 units in October. The company had sold 4,560 units in the same month last year. The October sales figure includes 5,166 units of Eicher brand and 62 units of Volvo brand.

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.