Eicher Motors Ltd Share Price – NSE  /  BSE

Automobile, Mid Cap

While, the domestic sales fell by 6.6% to 10,525 units, total exports jumped 11.4% to 461 units in March 2024 over March 2023.

Total sales of Volvo trucks and buses in March 2024 increased by 11.8% to 256 units from 229 units sold in March 2023.

For the financial year ended March 2024, VECV recorded total sales of 85,560 units, up 7.5% from 79,623 units sold in FY23.

Meanwhile, the auto maker’s total motorcycles (Royal Enfield) sales rose 5% to 75,551 units in March 2024 as against 72,235 units sold in March 2023.

The sales of motorcycle models with engine capacity up to 350cc increased by 6% to 66,363 units whereas sales of motorcycle models with engine capacity exceeding 350cc fell 3% to 9,188 units in March 2024 over March 2023.

The International Business recorded sales of 9,507 units in March 2024, down by 23% as compared with 12,351 units sold in the corresponding period last year.

Royal Enfield recorded total sales of 9,12,732 motorcycles for FY24, registering a growth of 9% on YoY basis.

Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.

The automobile major's consolidated net profit jumped 34.43% to Rs 995.97 crore on 12.3% rise in revenue from operations stood to Rs 4,178.84 crore in Q3 FY24 over Q3 FY23.

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Eicher Motors sold 75,551 motorcycles in month of March 2024 compared to 72,235 units in March 2023, higher by 5%. Total sales include exports of 9,507 units, lower by 23%.

The company's sales for FY24 were higher by 9% to 9,12,732 units compared to 8,34,895 units sold in FY23.

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Eicher Motors Ltd is up for a third straight session in a row. The stock is quoting at Rs 3912.35, up 1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 21989.4. The Sensex is at 72598, up 0.69%. Eicher Motors Ltd has dropped around 0.99% in last one month.

Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has dropped around 0.07% in last one month and is currently quoting at 20406.45, up 0.81% on the day. The volume in the stock stood at 5.99 lakh shares today, compared to the daily average of 7.04 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 3916.25, up 0.75% on the day. Eicher Motors Ltd is up 32.78% in last one year as compared to a 28.2% gain in NIFTY and a 68.6% gain in the Nifty Auto index.

The PE of the stock is 30.2 based on TTM earnings ending December 23.

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APL Apollo Tubes Ltd, Metro Brands Ltd, Amber Enterprises India Ltd, Indus Towers Ltd are among the other stocks to see a surge in volumes on BSE today, 20 March 2024.

Eicher Motors Ltd saw volume of 52309 shares by 10:47 IST on BSE, a 8.14 fold spurt over two-week average daily volume of 6429 shares. The stock increased 4.37% to Rs.3,880.45. Volumes stood at 3516 shares in the last session.

APL Apollo Tubes Ltd recorded volume of 5.95 lakh shares by 10:47 IST on BSE, a 6.67 times surge over two-week average daily volume of 89159 shares. The stock lost 2.80% to Rs.1,502.55. Volumes stood at 4.78 lakh shares in the last session.

Metro Brands Ltd witnessed volume of 16388 shares by 10:47 IST on BSE, a 2.05 times surge over two-week average daily volume of 8005 shares. The stock increased 8.33% to Rs.1,117.55. Volumes stood at 4035 shares in the last session.

Amber Enterprises India Ltd registered volume of 10856 shares by 10:47 IST on BSE, a 1.79 fold spurt over two-week average daily volume of 6058 shares. The stock slipped 4.40% to Rs.3,016.70. Volumes stood at 5914 shares in the last session.

Indus Towers Ltd registered volume of 6.51 lakh shares by 10:47 IST on BSE, a 1.65 fold spurt over two-week average daily volume of 3.95 lakh shares. The stock rose 2.98% to Rs.245.10. Volumes stood at 6.19 lakh shares in the last session.

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