 "Eicher Motors hits new high; surges over 25% post March quarter results")
Shares of Eicher Motors were trading higher by 3% at Rs 18,765, extending their week-long rally on the NSE, after the company reported a 40% year-on-year growth in consolidated net profit at Rs 195 crore for the quarter ended March 31, 2015 (Q1).
The company, which owns the Royal Enfield motorcycle business, had reported a profit of Rs 139 crore in the year-ago quarter.
On May 12, Royal Enfield, a division of the Eicher Motors, said it acquired the UK-based Harris Performance Products.
Harris Performance is one of the leading experts in designing and manufacturing of specialised high performance motorcycle chassis and components.
Meanwhile, Eicher Motors along with seven other companies have been included in MSCI India Index with effective from the close of trading on May 29.
The stock hit a new high of Rs 18,795 on the NSE and rallied 27% in the past six trading sessions from Rs 14,807 on May 7. The CNX Nifty has gained 2.5% during the same period.
The company, which owns the Royal Enfield motorcycle business, had reported a profit of Rs 139 crore in the year-ago quarter.
On May 12, Royal Enfield, a division of the Eicher Motors, said it acquired the UK-based Harris Performance Products.
Harris Performance is one of the leading experts in designing and manufacturing of specialised high performance motorcycle chassis and components.
Meanwhile, Eicher Motors along with seven other companies have been included in MSCI India Index with effective from the close of trading on May 29.
The stock hit a new high of Rs 18,795 on the NSE and rallied 27% in the past six trading sessions from Rs 14,807 on May 7. The CNX Nifty has gained 2.5% during the same period.
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