 "Eicher Motors enters the list of top 100 most valuable companies")
Eicher Motors have entered into the list of top 100 most valuable companies in terms of the market captialisation (m-cap) after a sharp rise in market price of two-three wheelers maker.
Shares of Eicher Motors has rallied 6% to Rs 5,295, extending it’s nearly 20% rally in past on week, in otherwise subdued equity market.
The stock is currently trading at its record high, appreciated by 82% so far in current calendar year (CY) 2013, as compared to 7.5% rise in benchmark S&P BSE Sensex.
A strong overseas investor’s interest on the counter have seen sharp rise in market price of the stock. Total foreign institutional investors (FIIs) holding in the company increased to 19% as on September 30, 2013 from 9.08% at the end of September 2012 quarter.
With a m-cap of Rs 14,302 crore, Eicher Motors now features at 88th rank in the list of most valuable companies. The company had stood at 144th rank at the beginning of the CY2013 with m-cap of Rs 7,841 crore.
The rise now put the company ahead of fast moving consumer goods (FMCG) company Marico (Rs 13,917 crore), private lender YES Bank (Rs 13,448 crore) and state-owned bank Bank of India (Rs 13,056 crore).
Shares of Eicher Motors has rallied 6% to Rs 5,295, extending it’s nearly 20% rally in past on week, in otherwise subdued equity market.
The stock is currently trading at its record high, appreciated by 82% so far in current calendar year (CY) 2013, as compared to 7.5% rise in benchmark S&P BSE Sensex.
A strong overseas investor’s interest on the counter have seen sharp rise in market price of the stock. Total foreign institutional investors (FIIs) holding in the company increased to 19% as on September 30, 2013 from 9.08% at the end of September 2012 quarter.
With a m-cap of Rs 14,302 crore, Eicher Motors now features at 88th rank in the list of most valuable companies. The company had stood at 144th rank at the beginning of the CY2013 with m-cap of Rs 7,841 crore.
The rise now put the company ahead of fast moving consumer goods (FMCG) company Marico (Rs 13,917 crore), private lender YES Bank (Rs 13,448 crore) and state-owned bank Bank of India (Rs 13,056 crore).