Eicher Motors skids up to 6%, recovers later ahead of March quarter results

For May, Eicher Motors reported a 69 per cent year-on-year (YoY) drop in Royal Enfield sales at 19,113 units.

Shares of Eicher Motors, the parent company of Royal Enfield, a manufacturer of middleweight motorcycles, slipped as much as 5.89 per cent to Rs 15,451 apiece on the BSE on Friday, ahead of its March quarter results due later in the day. 

The stock, however, recovered later and at 11:45 am, it was trading 1 per cent lower at 16,252.90 levels. In comparison, the benchmark S&P BSE Sensex was trading over 1 per cent lower at 33,113.63 levels. Eicher Motors had a hit a 52-week high of Rs 23,427.75 on November 26, 2019 while it declined to a 52-week low