Eicher Motors rises as its motorcycle arm reports 32% rise in sales in July

Eicher Motors is currently trading at Rs. 3363.55, up by 30.30 points or 0.91% from its previous closing of Rs. 3333.25 on the BSE.

The scrip opened at Rs. 3321.05 and has touched a high and low of Rs. 3384.80 and Rs. 3300.20 respectively. So far 23311 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. 2835.95 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 3434.85 and Rs. 3280.20 respectively. The current market cap of the company is Rs. 91983.45 crore.

The promoters holding in the company stood at 49.17%, while Institutions and Non-Institutions held 40.39% and 10.43% respectively.

Eicher Motors’ motorcycle arm — Royal Enfield has reported 32% growth in total sales at 73,117 units in July 2023 compared to 55,555 units in the same month last year. The company’s sales of models with engine capacity up to 350 cc increased by 39% at 64,398 units in July 2023 against 46,336 units in the same period year ago. However, the sales of its Models with engine capacity exceeding 350 cc fell by 5% at 8,719 units in July 2023 as against 9,219 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.

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