Shares of Eicher Motors surged nearly 4 per cent on Friday after the company reported a 9 per cent rise in profit during the first quarter of the current financial year (Q1FY26).
The Royal Enfield parent's stock rose as much as 3.68 per cent during the day to ₹5,670 per share, the steepest intraday rise since May 12 this year. The stock pared gains to trade 2.4 per cent higher at ₹5,600 apiece, compared to a 0.11 per cent decline in Nifty 50 as of 10:29 AM.
Shares of the company were at the highest level since July 18 and currently trade at 9.1 times the average 30-day trading volume, according to Bloomberg. The counter has risen 15.6 per cent this year, compared to a 4.4 per cent advance in the benchmark Nifty 50. Eicher Motors has a total market capitalisation of ₹1.52 trillion.