Previous Close | 4,689.70 |
Open | 4,729.25 |
Bid | 4,725.40 x 0 |
Ask | 4,726.65 x 0 |
Day's Range | 4,694.15 - 4,747.20 |
52 Week Range | 3,159.20 - 4,977.50 |
Volume | |
Avg. Volume | 16,569 |
Market Cap | 1.295T |
Beta (5Y Monthly) | 0.59 |
PE Ratio (TTM) | 32.41 |
EPS (TTM) | 145.85 |
Earnings Date | Aug 01, 2024 - Aug 05, 2024 |
Forward Dividend & Yield | 51.00 (1.09%) |
Ex-Dividend Date | Aug 06, 2024 |
1y Target Est | 26,699.00 |
Shares of Eicher Motors, the parent company of Royal Enfield, surged almost 4% on Tuesday, making it the top performer on the NSE Nifty 50. The stock was trading at Rs 3,500 as of midday, marking a 3.35% increase from its closing price on Monday.
India's Eicher Motors reported a bigger-than-expected jump in first-quarter profit on Thursday due to strong sales of its Royal Enfield motorcycles. The company's consolidated net profit jumped 50% to 9.18 billion rupees ($111 million) in the April-June quarter, beating analysts' average estimate of 8.50 billion rupees, per Refinitiv data. Eicher and other two-wheeler makers such as TVS Motor and Bajaj Auto have benefited from improved demand in the quarter on the back of easing inflation.