Eicher Motors hits new high; soars 18% thus far in Nov on healthy outlook

Despite the competitive pressure in Q2, Eicher Motors posted a healthy volume growth of 10.4% Y-o-Y basis to 248,831 units which supported by festive period and shift towards premium motorcycles

Shares of Eicher Motors, the manufacturer of Royal Enfield motorcycle, hit a record high of Rs 3,898, up 2 per cent on the BSE in Friday's intraday trade.

In the past one week, the stock has rallied 10 per cent on strong growth prospects of the company. Moreover, it has soared 18 per cent thus far in the month of November.

The stock surpassed its previous high of Rs 3,889.95 hit on November 1, 2022. A sharp run-up in the stock price of the company has helped Eicher Motors regain the Rs 1-trillion market capitalisation mark. At 10:49