Eicher Motors gains as its motorcycle division reports 31% rise in October sales

05 Nov 2024 Evaluate

Eicher Motors is currently trading at Rs. 4878.60, up by 46.40 points or 0.96% from its previous closing of Rs. 4832.20 on the BSE.

The scrip opened at Rs. 4817.75 and has touched a high and low of Rs. 4904.35 and Rs. 4811.20 respectively. So far 981 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5104.50 on 27-Sep-2024 and a 52 week low of Rs. 3430.05 on 06-Nov-2023.

Last one week high and low of the scrip stood at Rs. 5016.00 and Rs. 4795.00 respectively. The current market cap of the company is Rs. 132431.62 crore.

The promoters holding in the company stood at 49.10%, while Institutions and Non-Institutions held 41.38% and 9.52% respectively.

Eicher Motors’ motorcycle division has reported 31% rise in sales at 1,10,574 units in October 2024 as compared to 84,435 motorcycles sold in October 2023. The company’s sales of models with engine capacity up to 350 cc increased by 27% at 96,837 units in October 2024 against 76,075 units in the same period year ago. The sales of its Models with engine capacity exceeding 350 cc increased by 64% at 13,737 units in October 2024 as against 8,360 units in October last year.

The company’s sales from International Business increased by 150% at 8,688 units in October 2024 against 3,477 units in the same period year ago.

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.


Eicher Motors Share Price

4882.60 83.35 (1.74%)
27-Dec-2024 15:05 View Price Chart
Peers
Company Name CMP
Bajaj Auto 8921.85
Hero MotoCorp 4234.50
TVS Motor 2422.75
Eicher Motors 4882.60
Atul Auto 564.00
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