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Eicher Motors Ltd.
BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
6974.00
-73.55 (-1.04%) Eicher Motors gains despite its motorcycle division reports 26% decline in July sales
Date: 03-08-2020Eicher Motors is currently trading at Rs. 20862.50, up by 223.45 points or 1.08% from its previous closing of Rs. 20639.05 on the BSE.
The scrip opened at Rs. 20630.20 and has touched a high and low of Rs. 21290.00 and Rs. 20630.20 respectively. So far 3704 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. 21732.50 and Rs. 20405.00 respectively. The current market cap of the company is Rs. 56973.99 crore.
The promoters holding in the company stood at 49.28%, while Institutions and Non-Institutions held 38.89% and 11.68% respectively.
Eicher Motors’ motorcycle division has reported 26% decline in sales at 40334 units in July 2020 as compared to 54185 motorcycles sold in July 2019. During July 2020, export of motorcycles decreased to 2409 units from 5003 units in July 2019.
The company’s sales of models with engine capacity up to 350 cc decreased by 19% at 36384 units in July 2020 against 45041 units in the same period year ago. The sales of its Models with engine capacity exceeding 350 cc also decreased by 57% at 3950 units in July 2020 as against 9144 units in July 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.