 "Eicher Motors extends gain on strong December sales")
Eicher Motors has rallied 5% to Rs 22,851 on the BSE in intra-day trade, extending its four-session long gains, after the company reported a 42% jump in December motorcycle sales at 57,398 units. It had sold 40,453 units during the same month last year.
Sales of models with engine capacity of 350cc during the month increased 41% to 52,753 units against 37,475 units in December 2015. Models with engine capacity exceeding 350cc saw a 56% rise in sales at 4,645 units.
Exports more-than-doubled with 1,082 units being shipped in December 2016 compared to 416 in the same month a year ago.
On cumulative, the total sales for April-December 2016 increased 36% to 488,262 units.
Eicher Motors is engaged in manufacturing automobile products and related components. The Company also owns the Royal Enfield motorcycle business.
In one-week, the stock has outperformed the market by surging 13% from Rs 20,276 on December 26, as compared to 2.8% rise in the S&P BSE Sensex.
At 09:55 am; it was up 3% at Rs 22,430 against 0.38% decline in the benchmark index. A combined 20,371 shares changed hands on the counter on the BSE and NSE so far.
Sales of models with engine capacity of 350cc during the month increased 41% to 52,753 units against 37,475 units in December 2015. Models with engine capacity exceeding 350cc saw a 56% rise in sales at 4,645 units.
Exports more-than-doubled with 1,082 units being shipped in December 2016 compared to 416 in the same month a year ago.
On cumulative, the total sales for April-December 2016 increased 36% to 488,262 units.
Eicher Motors is engaged in manufacturing automobile products and related components. The Company also owns the Royal Enfield motorcycle business.
In one-week, the stock has outperformed the market by surging 13% from Rs 20,276 on December 26, as compared to 2.8% rise in the S&P BSE Sensex.
At 09:55 am; it was up 3% at Rs 22,430 against 0.38% decline in the benchmark index. A combined 20,371 shares changed hands on the counter on the BSE and NSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%