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Eicher Motors extends gain on strong December sales

In one-week, the stock was up 13% as compared to 2.8% rise in Sensex

Photo: Official Website of Royal Enfield
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Photo: Official Website of Royal Enfield

SI Reporter Mumbai
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