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Indian-Commodity  :  Equity & Shares  :  Eicher Motors leads the gainers of group 'A' on BSE

Eicher Motors leads the gainers of group 'A' on BSE (19-Feb-2013)

Eicher Motors is currently trading at Rs 2843.05, up by 171.60 points or 6.42% from its previous closing of Rs. 2671.45 on the BSE.

The scrip opened at Rs 2699.00 and has touched a high and low of Rs 2888.65 and Rs 2657.15 respectively. So far 8579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3240.00 on 03-Dec-2012 and a 52 week low of Rs 1620.00 on 21-Jun-2012.

Last one week high and low of the scrip stood at Rs 2739.00 and Rs 2600.00 respectively. The current market cap of the company is Rs 7675.53 crore.

The promoters holding in the company stood at 55.19% while Institutions and Non-Institutions held 24.38% and 20.43% respectively.

The other top gainers of BSE group 'A' are United Breweries up by 4.75%, Jet Air India up by 3% and ONGC up by 2.60%.

Recently, Eicher Motors' business division, Royal Enfield in a bid to strengthen its position in the niche bike market planned to ramp-up its production capacity beyond 1,50,000 units per annum by 2014.

The company is presently setting up a new plant near Chennai at an investment of Rs 150 crore and with the help of this, the company will have a total combined capacity of 1,50,000 units.

Eicher Motors reported 4.5% fall in profit after tax for the calendar year 2012 at Rs 474.9 crore, as against Rs 497.4 crore in 2011. The company's total income from operations was at Rs 6,389.9 crore as against Rs 5,684.4 crore in the previous year.


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