Eicher Motors' stock has been trading with a positive bias and is placed well above all its major exponential moving averages on the daily time frame
Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, on Tuesday said it has sold a total of 27,294 units in May, down 49 per cent from 53,298 units in April this year.
Near term can see pressure on volumes due to demand, as well as supply concerns
Eicher Motors Ltd on Thursday reported a 73 per cent jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales
The company's board recommended a final dividend of Rs 17 per share for the financial year 2020-21
BPCL's board has approved a final dividend of Rs 58 per share, which includes a one-time special dividend of Rs 35 per equity share
Royal Enfield said it has decided to shut down its two manufacturing facilities between May 13-16 amid a second Covid wave
Royal Enfield on Monday reported a 10 per cent increase in total sales at 69,659 units in February
Its presence abroad currently is either through exclusive stores or multi-brand outlets; It now seeks to set up CKD units in priority markets in APAC and LatAm region
The pace of volume recovery could be key in the coming quarters
Eicher Motors, Titan Company, GAIL India and Hindalco Industries are the four Nifty companies slated to post their December quarter numbers today
State-owned Coal India's coal production declined by 4.1 per cent to 60.5 million tonne (MT) last month
The sharp increase in prices of major commodities such as steel, aluminum, copper and rubber may dent auto industry's Q3 results
Eicher Motors' stock has been witnessing profit taking for the last one month, and is likely to see a gradual recovery from hereon
Auto ancillary stocks also ticked up in intra-day trade today, with Bosch rising as much as 6.77 per cent
Good monsoon followed by good crop have given a fillip to demand for tractors
The management said production levels are at 70,000 units/month now, while bookings number were encouraging at 1.25 lakh units, including 8,000 units for newly-launched Meteor.
All that happened in the markets today
According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline
VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture reported an 11.9% rise in sales for October at 4,200 units