Why Eicher Motors shares snapped six-session losing streak
Shares of Eicher Motors surged over 5% today after falling nearly 8% in the past six sessions amid profit booking at higher levels.
Shares of Eicher Motors surged over 5% today after falling nearly 8% in the past six sessions amid profit booking at higher levels.
Eicher Motors Q3 revenue surges 12% to ₹4,179 crore; EBITDA up 27%
Hero, Bajaj, Yamaha and TVS work on taking market share from Royal Enfield
The Royal Enfield owner's stock has fallen 12.6% in the past five sessions following the launch of HD X440 and Speed 400 by Hero MotoCorp and Bajaj Auto, respectively.
Share price of rival Eicher Motors, which makes Royal Enfield, has crashed 8.8% in 2 days. That of Hero and Bajaj have risen 8.4% and 6.3%.
Of the total MoUs signed, 80% have either confirmed investment or have started work in the state, says industries minister T.R.B. Raaja
The maker of Royal Enfield motorcycles registered its highest-ever quarterly revenue from operations at ₹3,804 crore.
The automaker's revenue from operations surged 29% to ₹3,721 crore in the third quarter compared with ₹2,880.65 crore in the year-ago period.
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