Eicher Motors shines as its motorcycle arm launches new bike model ‘Scram 411’

Eicher Motors is currently trading at Rs. 2344.50, up by 38.50 points or 1.67% from its previous closing of Rs. 2306.00 on the BSE.

Eicher Motors
Eicher Motors

The scrip opened at Rs. 2338.50 and has touched a high and low of Rs. 2347.70 and Rs. 2330.15 respectively. So far 1718 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2995.35 on 27-Sep-2021 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. 2393.00 and Rs. 2235.35 respectively. The current market cap of the company is Rs. 63051.37 crore.

The promoters holding in the company stood at 49.22%, while Institutions and Non-Institutions held 39.28% and 11.50% respectively.

Eicher Motors’ motorcycle arm — Royal Enfield has launched its new bike model Scram 411 with introductory prices starting at Rs 2.03 lakh (ex-showroom Chennai).

The Scram 411 is built on Royal Enfield’s LS-410 engine platform and the Harris Performance chassis and combines agility on urban streets with competent rough-roading capabilities. Depending on the colour scheme, the bike will be available at prices ranging from Rs 2.03 lakh to Rs 2.08 lakh (ex-showroom Chennai).

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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