Analysts say that even after adjusting for loss in production after nine-day strike, the supplies to distributors have been on the weaker side
Dena Bank slipped 5 per cent to Rs 13.65, falling 24 per cent in past three trading sessions, skidding to its lowest level since April 30, 2003.
The stock is down by 4% at Rs 20,321, falling 12% in past two days and trading near its 52-week low of Rs 20,301 touched on October 4, 2018, in the intra-day deals.
Strong response to Jawa launches, muted volume growth to keep stock under pressure
The stock was up 2.4% at Rs 25,340, gaining 16% in one week after the complete workforce at the Royal Enfield manufacturer's Oragadam facility has called-off the strike.
Multiple headwinds have dented the company's September sales
Multiple headwinds had dented the company's September sales and a volume uptick is critical for the stock to be rerated
Presence in niche segment to keep earnings growth strong for Royal Enfield business
The stock up 5% to Rs 28,975 on the BSE after the company reported 25% YoY growth in its consolidated net profit at Rs 5.76 billion in June quarter.
Expansion in under-penetrated markets, new models to drive earnings
The company is targeting at selling around 950,000 units in 2018-19, against 820,000 units last year
Margins can be retained at industry-high levels of over 30%
Network expansion and new models will lead to Eicher's revenue and operating profit compounding at 25 per cent and 30 per cent respectively, over the fiscal 2017-2020 period
A lot will depend on the company's ability to get traction both in India and abroad for its new launches
The company has launched a slew of products to cater to the segment
The company is looking to rewrite the rules of the game in the mid-weight segment
Eicher dominates the middleweight motorcycle segment, which comprises bikes with engine capacity of 250-650 cc
During the quarter, the Royal Enfield bike maker sold 183,998 motorcycles
Total income rises 30% at Rs 2,333 cr
Eicher Motors, the manufacturer of Royal Enfield motorcycles, has become the third most-valued automobile company in the country after Maruti Suzuki and Tata Motors. On Monday, Eicher's market capitalisation surpassed sports utility vehicle (SUV) major Mahindra and Mahindra (M&M)'s, with the latter taking a beating after news of a higher cess on SUVs and large cars under the goods and services tax (GST) regime.Eicher has quickly moved from being the fifth most-valued automobile company about a week ago to the third position now, triggered by a surge in its stock price. A week ago, Eicher had overtaken Pune-headquartered Bajaj Auto to become the most-valued two-wheeler maker in the country. That also made it the fourth-biggest auto firm in terms of market cap. The stock rally did not halt there. In the past one week, the company added ~5,300 crore to its m-cap to touch a valuation of ~87,131 crore at the BSE when trading closed on Monday. The stock closed at ~32,007.65, up 1.32 per