Eicher Motors Ltd.

Eicher Motors is currently trading at Rs. 21109.00, up by 979.35 points or 4.87% from its previous closing of Rs. 20129.65 on the BSE.

The scrip opened at Rs. 20525.00 and has touched a high and low of Rs. 21324.70 and Rs. 20140.55 respectively. So far 11911 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. 22343.45 and Rs. 20070.95 respectively. The current market cap of the company is Rs. 57747.25 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 and Volvo Group’s joint venture (JV) -- VE Commercial Vehicles (VECV) is going to acquire Volvo Group's bus business in India for Rs 100.5 crore. Definitive agreements have been signed for the integration of Volvo Bus India (VBI) business into VECV.

As part of the deal, VECV will carve out a separate bus division housing both Eicher and Volvo branded products. The bus division would be responsible for manufacturing, assembly, distribution and sale of both Volvo and Eicher buses in India. Consequently, the bus manufacturing facility at Hosakote, Bengaluru, and all employees of VBI will be transferred to VECV.

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.