Wednesday , 22 March 2023
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Eicher Motors catches speed after its motorcycle division reports 27% rise in January sales

Eicher Motors is currently trading at Rs. 3317.50, up by 100.75 points or 3.13% from its previous closing of Rs. 3216.75 on the BSE.

Eicher Motors
Eicher Motors

The scrip opened at Rs. 3250.00 and has touched a high and low of Rs. 3317.50 and Rs. 3199.00 respectively. So far 9557 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 3886.00 on 01-Nov-2022 and a 52 week low of Rs. 2110.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 3352.90 and Rs. 3100.00 respectively. The current market cap of the company is Rs. 90268.26 crore.

The promoters holding in the company stood at 49.21%, while Institutions and Non-Institutions held 39.91% and 10.89% respectively.

Eicher Motors’ motorcycle division has reported 27% rise in sales at 74,746 units in January 2023 as compared to 58,838 motorcycles sold in January 2022.

The company’s sales of models with engine capacity up to 350 cc increased by 38% at 68,183 units in January 2023 against 49,586 units in the same period year ago.

The sales of its Models with engine capacity exceeding 350 cc fell by 29% at 6,563 units in January 2023 as against 9,252 units in January 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.