Eicher Motors is currently trading at Rs. 18890.00, up by 61.20 points or 0.33% from its previous closing of Rs. 18828.80 on the BSE.
The scrip opened at Rs. 19000.00 and has touched a high and low of Rs. 19000.00 and Rs. 18763.00 respectively. So far 1224 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 23427.75 on 26-Nov-2019 and a 52 week low of Rs. 12460.00 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 19729.45 and Rs. 18335.70 respectively. The current market cap of the company is Rs. 51611.10 crore.
The promoters holding in the company stood at 49.28%, while Institutions and Non-Institutions held 38.98% and 11.75% respectively.
Eicher Motors is expecting increased demand for personal transportation and two wheelers going forward as people would be wary of using public transport amid the coronavirus pandemic. This will augur well for company and for the industry as a whole.
Royal Enfield continues to make concrete inroads to expand its retail network, while further strengthening its supply chain and vendor ecosystem. With an aim to further build accessibility through a host of seamless digital solutions and a variety of financial solutions, the company is confident of capitalising on this demand as the situation stabilizes.
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.
