Eicher Motors rallies 5%, hits fresh 52-week high post Q2 results

Shares of Eicher Motors hit a fresh 52-week high of Rs 2,465, up 5 per cent on the BSE in the early morning trade on Friday in an otherwise subdued market on strong management commentary. In the past week, the stock has rallied 15 per cent, against a 3 per cent rise in the S&P BSE Sensex.

The management said production levels are at 70,000 units/month now, while bookings number were encouraging at 1.25 lakh units, including 8,000 units for newly-launched Meteor. The company has a robust order book and booking numbers are ahead of pre-covid levels, it said.

Meanwhile, for the