Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

Eicher Motors Shares Under Pressure Despite February Sales Up 21%

Eicher Motors shares rose as CV sales jumped 25% on February 23.

Shares of Eicher Motors, maker of the Royal Enfield, remained under pressure in early trade on March 2 despite improving sales figures.

Eicher Motors’ February sales jumped 21% to 71,544 vehicles from 59,160 a year earlier.

Models with engines up to 350cc reported a 31% jump to 64,810 from 49,484. Nonetheless, sales of motorcycles with an engine capacity of more than 350cc fell 30% year-on-year to 6,734 units, compared to 9,676 units a year earlier.

Internationally, the company sold 7,108 motorcycles compared to 7,025 a year earlier.

At 9:26 am, Eicher Motors was trading at Rs 3,111.25 on the BSE, down Rs 27.65 or 0.88%.

Get Daily Prediction & Stocks Tips On Your Mobile