Eicher Motors slips after Q2 results

Eicher Motors fell 1.99% to Rs 24042.40 at 15:04 IST on BSE after consolidated net profit rose 45.19% to Rs 413.16 crore on 35.59% increase in total income to Rs 2047.47 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during trading hours today, 28 October 2016.

Meanwhile, the BSE Sensex was up 56.17 points, or 0.20%, to 27,972.07.

On BSE, so far 8,839 shares were traded in the counter, compared with average daily volume of 3,958 shares in the past one quarter. The stock hit a high of Rs 24,815.75 and a low of Rs 23,700 so far during the day. The stock hit a record high of Rs 26,601.95 on 29 September 2016. The stock hit a 52-week low of Rs 14,817.75 on 19 January 2016. The stock had underperformed the market over the past 30 days till 27 October 2016, falling 4.70% compared with 1.33% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.20% as against Sensex's 0.48% decline.

The large-cap company has equity capital of Rs 27.20 crore. Face value per share is Rs 10.

Eicher Motors (EML) is the flagship company of the Eicher Group. EML is one of the leading players in the Indian automotive space. EML owns the iconic Royal Enfield motorcycle business which leads the premium motorcycle segment in India. EML's joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient trucks and buses.

Powered by Capital Market - Live News