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Eicher Motors hits three-month high; stock up 10% post Q3 results

Thus far in February, the stock appreciated by 10% as compared to 2.4% rise in the S&P BSE Sensex.

SI Reporter  |  Mumbai 

Eicher Motors gained3% to Rs 25,449 on the BSE in an otherwise subdued market. The stock, trading at its highest level since November 1, 2016, is 4.5% away from its record high of Rs 26,602 touched on September 29, 2016 in intra-day trade. Thus far in February, the stock has appreciated by 10% after the company reported good set of numbers for the quarter ended December 2016 (Q3FY17).

In comparison, the S&P BSE Sensex was up 2.4% during the period. Eicher Motors is engaged in manufacturing automobile products and related components. The Company also owns the Royal Enfield motorcycle ...

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First Published: Tue, February 14 2017. 13:10 IST
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