The level of 11,000 will act as support for the Nifty as maximum put open interest (OI) is placed here
Eicher will also benefit from a growing market for the premium segment within the motorcycle industry
Last week, low-cost brokerage 5paisa.com appointed former Flipkart chief technology officer Ravi Garikipati on its board as an independent director
The GST meeting on September 17 might take up the two-wheeler rate issue to spur sales ahead of the festive season
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
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Top officials of Royal Enfield said that despite the rapid recovery in demand, the Covid-19 induced lockdowns have been impacting production
"The uncertainties continue, but things are looking up on the demand side for motorcycles and it is expected to catch up soon in commercial vehicles," said Siddhartha Lal, MD and CEO at Eicher Motors
VECV entered into a business transfer agreement on Aug 12 with Volvo Group India for acquisition, as a going concern on slump sale basis, of the bus business of Volvo Group India, Eicher Motors said
"The previous quarter put forth unprecedented challenges for the industry and for Eicher Motors," said Managing Director Siddhartha Lal
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The P/E for Bharti Airtel and Avenue Supermarts is currently below the pre-Covid levels. Reliance Industries, Cipla, Havells India, and Eicher Motors have seen the maximum P/E expansion
On June 12, the company's board approved the stock split in the ratio of 1:10
The company has presence in the two wheeler segment through Royal Enfield, which sells niche bikes across domestic and international markets
Eicher Motor also announced a stock split of 10 shares for every share held
Bookings are now at pre-Covid levels of around 60,000 a month in India, said CEO Dasari
Total income declines 11 per cent to Rs 2,351.30 crore
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For May, Eicher Motors reported a 69 per cent year-on-year (YoY) drop in Royal Enfield sales at 19,113 units.