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Eicher Motors trades lower for seventh straight day on weak December sales

Thus far in January, the stock has slipped 11 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.

Topics
Eicher Motors | Buzzing stocks | Markets

SI Reporter  |  Mumbai 

Eicher Motors shares were trading lower for the seventh straight day, down 3.5 per cent to Rs 20,087 on the BSE on Wednesday on weak December sales. The stock was trading at its lowest level since October 24, 2019. The company that manufactures the iconic Royal Enfield brand of motorcycles, reported 13 per cent year-on-year (YoY) decline in December 2019 at 50,416 units.

It had sold 58,278 motorcycles in the same month last year. Thus far in January, the stock has slipped 11 per cent, as compared to 1 per cent decline in the S&P BSE Sensex. For the October-December quarter (Q3FY20), ...

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First Published: Wed, January 08 2020. 13:25 IST
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