1. Eicher Motors shares gain after Royal Enfield reports 41% rise in Dec sales

Eicher Motors shares gain after Royal Enfield reports 41% rise in Dec sales

Eicher Motors share price gained after the company's motorcycle division Royal Enfield on Friday reported a 41 per cent jump in total sales in December 2015 at 40,453 units, as against 28634 units in the same month last year.

By: | Updated: January 12, 2016 6:04 PM
Eicher motors

The promoters holding in the company stood at 54.91% while Institutions and Non-Institutions held 31.32% and 13.77% respectively. (Source: Eicher Motors)

 Eicher Motors share price gained as much as 3.5 per cent on Monday after the company’s motorcycle division Royal Enfield on Friday reported a 41 per cent jump in total sales in December 2015 at 40,453 units, as against 28634 units in the same month last year.

At 12.42 pm, share price of the company was trading 1.24 per cent up at Rs 17580.10. The scrip opened at Rs 17698.00 and has touched a high and low of Rs 17974.45 and Rs 17444.00, respectively , in trade so far. Later, the share price of the company closed 0.81 per cent up at Rs 17506.25.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 21618.30 on 21-Jul-2015 and a 52 week low of Rs. 13930.00 on 27-Apr-2015.

Last one week high and low of the scrip stood at Rs. 17974.45 and Rs. 16172.00 respectively. The current market cap of the company is Rs. 47,709.00 crore.

The promoters holding in the company stood at 54.91% while Institutions and Non-Institutions held 31.32% and 13.77% respectively.

The company’s sales of vehicles with engine capacity up to 350 cc increased by 49% at 37475 units in December 2015 against 25092 units in the same period a year ago, while the sales of its vehicles with engine capacity exceeding 350 cc decreased by 16% at 2978 units as against 3542 units in December last year.

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