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Eicher Motors Limited (EICHERMOT.NS)

NSE - NSE Real Time Price. Currency in INR

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4,597.40

+25.55

(+0.56%)

At close: 03:30PM IST

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Investing.com
Eicher Motors shares surge following Jefferies' bullish outlook and upgraded target price
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.
Reuters
UPDATE 1-India's Eicher tops profit estimates on strong Royal Enfield sales
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.