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Eicher Motors slides on profit booking

Capital Market  |  Mumbai 

Meanwhile, the Sensex was up 142.95 points, or 0.73%, to 19,723.76.

On BSE, 2,201 shares were traded in the counter as against an average daily volume of 7,251 shares in the past one quarter.

The stock hit a high of Rs 2,925 and a low of Rs 2,848.35 so far during the day. The stock had hit a record high of Rs 3,240 on 3 December 2012. The stock had hit a 52-week low of Rs 1,456.65 on 9 January 2012.

The stock had outperformed the market over the past one month till 1 January 2013, rising 7.13% compared with the Sensex's 1.25% rise.

The scrip had also outperformed the market in past one quarter, gaining 29.71% as against Sensex's 4.02% rise.

The mid-cap company has an equity capital of Rs 27 crore. Face value per share is Rs 10.

Eicher Motors' consolidated net profit fell 10.5% to Rs 66.01 crore on 3.4% growth in net sales to Rs 1470.70 crore in Q3 September 2012 over Q3 September 2011.

Eicher Motors is the flagship company of the Eicher Group in India and a leading player in the Indian automobile industry. Eicher Motors manufactures and markets the iconic Royal Enfield motorcycles.

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First Published: Wed, January 02 2013. 23:32 IST