 "Eicher Motors rallies 10% on robust June sales figures")
Eicher Motors, manufacturer of Royal Enfield motorcycle, has soared 10% to Rs 8,999 after reporting a robust 83% year-on-year (y-o-y) growth in total motorcycles sales at 25,303 units in June 2014.
The company had sold 13,806 units in the same month last year, Eicher Motors said in a statement. Domestic sales stood at 24,519 units, while exports were 784 units, registering a growth of 84% and 60% respectively, for the month of June 2014 over June 2013.
The stock opened at Rs 8,215 and touched a new high of Rs 9,030 on National Stock Exchange. Around 37,589 shares changed hands on the counter till 1100 hours.
The company had sold 13,806 units in the same month last year, Eicher Motors said in a statement. Domestic sales stood at 24,519 units, while exports were 784 units, registering a growth of 84% and 60% respectively, for the month of June 2014 over June 2013.
The stock opened at Rs 8,215 and touched a new high of Rs 9,030 on National Stock Exchange. Around 37,589 shares changed hands on the counter till 1100 hours.