Eicher Motors Shares

Total expenses rose 24.4% to 30.06 billion rupees, led by a 39% increase in the cost of raw materials and components

Stark Future recently launched its first high performance electric motocross bike, the Stark VARG

On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.

Tata Motors' stock gained 161 per cent in 2021, and reached its new 52-week high of Rs 536.70. However, the stock has been tepid so far in 2022 and seen testing the 200-DMA

Eicher Motors said the appointment of a new CFO in his place would be intimated in due course. Meanwhile, Arunachalam will now join Cromptom Greaves Consumer as CFO, from September 5

Valuations, however, factor in the gains

In addition to volume growth, margin gains hinge on raw material/freight cost movement

The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.

Company had 'stellar performance' in international markets with more than 100% growth, says managing director

Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.

The company had posted a consolidated net profit of Rs 532.59 crore in the December quarter of 2020-21

Market wrap: Sensex ends above 59,000, up 929 points; Nifty tops 17,600

Eicher Motors surges over 5% on Royal Enfield's strong December sales; TCS gains 4% in three days, hits 13-week high; textile shares rally on improved outlook

Automobile shares may breakout after crossing significant resistances

Response to new model below expectations, higher prices may dent volumes

The company's board recommended a final dividend of Rs 17 per share for the financial year 2020-21

Eicher will also benefit from a growing market for the premium segment within the motorcycle industry

Prior to the stock split, the stock traded at more than Rs 20,000 apiece, making it one of the most high-valued stocks in absolute terms

The company had announced, on May 25, its stock split plan to make the stock more affordable for the small retail investors and increase liquidity

Eicher Motor also announced a stock split of 10 shares for every share held

The stock dipped 6 per cent to Rs 21,792 after the company reported 13 per cent Y-o-Y decline in total sales of 58,278 units in December.