Eicher Motors on good roads
By
Research Desk
about 10 years ago
Eicher Motors is on good roads today with exuberant sales number for December powering up the stock price. Intra day, the stock price rose up 5% to Rs.17,690.25. Its 52-week high and low stands at Rs.21,618.39 and Rs.13,930.
The company announced that it had sold 5,068 units of commercial vehicles in December 2015, which is up by 44% against 3,512 units sold in December 2014. On sequential basis, volumes have rise by 39% MoM against 3,639 units sold in November 2015.
In terms of Q3FY16 sales, its total CV sales stood at 12,692 units, up 9% QoQ and 34% YoY.