Previous Close | 4,571.85 |
Open | 4,578.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 4,578.00 - 4,689.95 |
52 Week Range | 3,160.00 - 4,689.95 |
Volume | |
Avg. Volume | 776,476 |
Market Cap | 1.259T |
Beta (5Y Monthly) | 0.59 |
PE Ratio (TTM) | 32.86 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 37.00 (0.81%) |
Ex-Dividend Date | Aug 14, 2023 |
1y Target Est | N/A |
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.