Eicher Motors Ltd.

Eicher Motors is currently trading at Rs. 4585.70, up by 41.45 points or 0.91 % from its previous closing of Rs. 4544.25 on the BSE.

The scrip opened at Rs. 4597.70 and has touched a high and low of Rs. 4623.65 and Rs. 4565.00 respectively. So far 243 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5294.95 on 03-Dec-2013 and a 52 week low of Rs. 2512.00 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 4749.95 and Rs. 4507.00 respectively. The current market cap of the company is Rs. 12381.10 crore.

The promoters holding in the company stood at 55.12% while Institutions and Non-Institutions held 25.09% and 19.79% respectively.

Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) is planning to invest Rs 600 crore this year on product development and marketing initiatives.

The company is eying to increase its market share with the introduction of its Pro series of trucks. The Pro series vehicles with gross weight between 5 and 49 tonnes would be rolled out in a phased manner starting next month. The range has been developed and manufactured as a result of synergies between Volvo and Eicher Motors.