Eicher Motors Ltd.

BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
6974.00
-73.55 (-1.04%)
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Eicher Motors rises as its motorcycle arm resumes operations at manufacturing plants

Date: 07-05-2020
Eicher Motors is currently trading at Rs. 14007.90, up by 139.75 points or 1.01% from its previous closing of Rs. 13868.15 on the BSE.

The scrip opened at Rs. 13650.00 and has touched a high and low of Rs. 14010.00 and Rs. 13650.00 respectively. So far 1545 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23427.75 on 26-Nov-2019 and a 52 week low of Rs. 12460.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 14500.00 and Rs. 13600.00 respectively. The current market cap of the company is Rs. 38085.92 crore.

The promoters holding in the company stood at 49.28%, while Institutions and Non-Institutions held 39.51% and 11.21% respectively.

Eicher Motors’ motorcycle arm -- Royal Enfield has resumed operations at its manufacturing plants from May 06, 2020, subsequent to the new directives issued by the Government on May 01, 2020, with regards to resumption of manufacturing, industrial and commercial business activities.

The company’s manufacturing unit at Oragadam, near Chennai, will be the first to begin operations in a staggered manner, with minimal staff over a single shift. Operations at the other two manufacturing facilities - Tiruvottiyur and Vallam Vadagal in Tamil Nadu will also be started in a phased manner.

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.