Eicher Motors is currently trading at Rs. 23540.25, up by 532.50 points or 2.31% from its previous closing of Rs. 23037.45 on the BSE.
The scrip opened at Rs. 23216.70 and has touched a high and low of Rs. 23585.00 and Rs. 23088.80 respectively. So far 2765 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 26601.95 on 29-Sep-2016 and a 52 week low of Rs. 16,657.00 on 03-Feb-2016.
Last one week high and low of the scrip stood at Rs. 23699.95 and Rs. 22406.00 respectively. The current market cap of the company is Rs. 63833.21 crore.
The promoters holding in the company stood at 50.59%, while Institutions and Non-Institutions held 36.36% and 13.05% respectively.
Royal Enfield, the two-wheeler division of Eicher Motors, has reported a 25% jump in total sales at 59,676 units in January 2017. The two-wheeler manufacturer had sold 47,710 units in January 2016. Exports during December jumped 171% to 1,543 units compared with 570 units in January 2016.
The total sales in the domestic market during the April-January period of the ongoing fiscal was at 5, 47,938 units as against 4, 07,678 units in the year-ago period, up 34%. Total exports during the same period grew by 86% to 12,117 units from 6,513 units a year ago.
Eicher Motors (EML) is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.
Technical levels
Support at 23050 and Resistance 24100
Breaks and sustains above 24100 will take it to 24550—24800 and then to 25300+ mark else could touch its support level of 23050
Looks weak only below 23050
More will update soon!!
