Eicher Motors gains 3%, hits new high; market cap nears Rs 1 trillion

The market-cap of Eicher Motors touched Rs 95,135 crore in the intra-day trade, and is 5.2 per cent away from Rs 1-trillion mark

Shares of Eicher Motors hit a new high of Rs 3,479, up 3.4 per cent on the BSE in Tuesday's intra-day trade. In the past two weeks, the stock has rallied 12 per cent after the company reported a strong set of earnings for the June quarter (Q1FY23). It surpassed its previous high of Rs 3,457.70, touched on August 19, 2022.

A sharp rally in the stock price of Eicher Motors has seen the market capitalisation (market-cap) of the company inche towards Rs 1-trillion mark. The market-cap of Eicher Motors touched Rs 95,135 crore in the intra-day trade, and