Eicher Motors nears 52-week low on weak December sales; down 12% in 2 days

The stock is down by 4% at Rs 20,321, falling 12% in past two days and trading near its 52-week low of Rs 20,301 touched on October 4, 2018, in the intra-day deals.

Shares of Eicher Motors hit three month low of Rs 20,321, down 4% on the BSE, falling 12% in the past two trading sessions after Royal Enfield (RE) reported a weak set of numbers for the month of December 2018. The stock was trading near its 52-week low of Rs 20,301 touched on October 4, 2018, in intra-day trade.

The company reported a 13% year-on-year (Y-o-Y) decline in total sales at 58,278 units in December 2018. It had sold 66,968 motorcycles during the same month last year. On a month-on-month basis, the volume declined by 11%. It sold 65,744 motorcycles in