Two-wheeler-maker Eicher Motors joins Rs 1 trillion M-Cap club
Eicher Motors also holds majority stakes in the commercial vehicle joint venture with Volvo - VE Commercial Vehicles.
Two-wheeler-maker Eicher Motors Ltd on Thursday joined the Rs 1 trillion market capitalisation club during the intra-day trade.
The shares of Eicher Motors - that rolls out the 350cc Bullet and other brands of higher capacity bikes - on Thursday opened at Rs 3,541.30, touched a high of Rs 3,670.90, and closed at Rs.3,622.50.
While the scrip touched a market capitalisation of Rs.1 trillion intra-day, market capitalisation at the close of trading hours was about Rs 99,059 crore.
Eicher Motors also holds majority stakes in the commercial vehicle joint venture with Volvo - VE Commercial Vehicles.
In the two-wheeler segment, Eicher Motors has been on the upswing with sales going up.
Between April-August 2022, the company has sold 312,872 units, up from 213,538 units sold during the comparable period last year.
While the 350cc models account for the majority of the sales numbers, the sales of over 350cc bikes are growing at a faster clip.
For the first quarter of the current fiscal the company has logged revenue of Rs 3,247.94 crore and a net profit of Rs 580.17 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
10:25 AM IST