Eicher Motors hits 44 month-low on growth concerns, slips 13% in two weeks

The stock was trading 1 per cent lower at Rs 15,197, its lowest level since January 19, 2016, in the intra-day trade on the BSE.

Shares of Eicher Motors, the manufacturer of the iconic Royal Enfield brand of motorcycles, on Monday hit a 44 month-low of Rs 15,197, down 1 per cent in the intra-day trade on the BSE, on concerns of weak demand outlook.

The stock was trading at its lowest level since January 19, 2016. In two weeks, it has underperformed the market by falling 13 per cent, as compared to a two per cent decline in the benchmark S&P BSE Sensex and S&P BSE Auto index.

In the past three trading days, the share price of Eicher Motors has lost