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Eicher Motors rallies 49% in 2 months after announcing stock split plan

On June 12, the company's board approved the stock split in the ratio of 1:10

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Royal Enfield opened its first pre-owned motorcycle store Vintage this year in Chennai.

2 min read Last Updated : Jul 23 2020 | 1:50 PM IST

Shares of Eicher Motors climbed as much as 4.4 per cent to Rs 20,753 on the BSE on Friday, quoting at their highest level since January 29, 2020. The company manufactures the iconic Royal Enfield brand of motorcycles which leads the premium motorcycle segment in India.

In the past two months, the stock has outperformed the market by surging 49 per cent. The company announced, on May 25, its stock split plan to make the stock more affordable for the small retail investors and increase liquidity. In comparison, the S&P BSE Sensex has rallied 24 per cent during the same

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