VECV – Eicher Motors sales report and updates of Jan 2016. Full article with statistics is for subscriber only
VECV Eicher shown booming growth of 17.56% in domestic sales Jan 2016 whereas 18.21% fall in export is shown by Eicher in Jan 2016.
SHARES OF EICHER MOTORS SLIP DURING PROFIT BOOKING SESSION
Shares of Eicher Motors dropped by 2.18% to Rs. 17,125.05 on the the BSE on a profit booking session. The stock rose by 5.92% in the preceding three trading sessions, touching upto Rs. 17,506.25 on January 4th. This was a recovery from a recent low of Rs. 16,527.35 on December 30, 2015. On the BSE, 4,103 shares of the brand were traded, slightly lower than the average volume of 4,827 shares that had been recorded in the past one quarter. The stock had peaked at Rs. 17,766.90, and met its lowest value at Rs. 17,125.05. The 52 week high value of the stock was met on July 21, 2015, where it had soared to Rs. 21,618.30. It had met its 52 week low Rs 13,930 on April 27, 2015. The share value had outperformed the market over the past one month up until January 4 this year. The company has an equity capital of Rs. 27.15 crore.
Eicher Motors' net profit grew by 54.8% to Rs. 255.46 crore in the third quarter of 2015, when compared to the same period the previous year. Its net sales surged by 36.6% over the previous quarter's performance, reaching Rs. 3074.35 crore.
Eicher Motors is one of the leading marques in the heavy and medium truck space of India.Besides conducting profitable operations as a solo entity, the company also distributes vehicles through a joint venture with Volvo. It also owns the high stature motorcycle brand, Royal Enfield, which dominates the bike business in India.