Eicher Motors down 9% from day's high on profit booking; analysts bullish

Royal Enfield volume prints for the month September came in stellar, and were at a multi-year high in the recent past

Shares of Eicher Motors slipped 5.5 per cent to Rs 3,472 on the BSE in Monday's intra-day trade amid profit booking after the company reported volume growth of 17.1 per cent month-on-month (MoM) at 82,097 units in September. The stock fell 9 per cent from its record high level of Rs 3,800, touched earlier today.

However, despite today's fall, the stock of Eicher Motors has outperformed the market by surging 25 per cent in the past three months, as compared to 7 per cent rise in the S&P BSE Sensex. In the past six months, it has surged 40