Meanwhile, the S&P BSE Sensex was down 349.75 points or 1.74% at 19,712.49.
On BSE, 456 shares were traded in the counter as against average daily volume of 3,842 shares in the past one quarter.
The stock hit a high of Rs 3,492.80 and low of Rs 3,451.25 so far during the day. The stock hit a record high of Rs 3,569.85 on Tuesday, 21 May 2013. The stock had hit a 52-week low of Rs 1,620 on 21 June 2012.
The stock had outperformed the market over the past one month till 22 May 2013, rising 21.78% compared with the Sensex's 4.66% rise. The scrip also outperformed the market in past one quarter, surging 25.33% as against Sensex's 3.86% rise.
The mid-cap company has equity capital of Rs 27.01 crore. Face value per share is Rs 10.
Shares of Eicher Motors were on a roll recently, gaining 14.33% in seven trading days to Rs 3,497.05 on 22 May 2013 from a recent low of Rs 3,058.80 on 13 May 2013.
The rally was triggered after Eicher Motors' 50:50 joint venture with the Volvo Group - VE Commercial Vehicles (VECV) on 13 May 2013 reported expansion in market share to 13.9% in Q1 March 2013 from 11.1% in Q1 March 2012.
Eicher Motors' consolidated net profit declined 10.6% to Rs 97.94 crore on 3.2% growth in net sales to Rs 1708.60 crore in Q1 March 2013 over Q1 March 2012. The result was announced after market hours on 13 May 2013.
Eicher Motors' total sales fell 12.3% to 12,529 units in Q1 March 2013 over Q1 March 2012.
Eicher Motors said its division Royal Enfield was able to get good operating leverage in Q1 June 2013. It has managed to restrict costs as a result of which the best ever operating margin has been recorded at 15.9%.
Eicher Motors is the flagship company of the Eicher Group in India and a leading player in the Indian automobile industry. Its 50-50 joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient commercial vehicles of high quality and modern technology, engineering components and provides engineering design solutions. Eicher Motors also manufactures and markets the iconic Royal Enfield motorcycles that leads the premium motorcycle segment in India. EML's 50:50 strategic joint venture with US based Polaris Industries Inc., Eicher Polaris will design, develop, manufacture and sell a full new range of personal vehicles.
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