Eicher Motors rose 2.05% to Rs 8294.85 at 14:18 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was down 348.35 points or 1.37% at 25,024.40.
On BSE, so far 2,353 shares were traded in the counter as against average daily volume of 2,694 shares in the past one quarter.
The stock hit a high of Rs 8,509.95 and a low of Rs 8,167.95 so far during the day. The stock had hit a record high of Rs 8,750 on 4 July 2014. The stock hit a 52-week low of Rs 2,975 on 21 August 2013.
The stock had outperformed the market over the past one month till 10 July 2014, advancing 13.3% compared with Sensex's 0.82% fall. The scrip had also outperformed the market in past one quarter, jumping 28.2% as against Sensex's 11.7% rise.
The large-cap company has equity capital of Rs 27.09 crore. Face value per share is Rs 10.
Shares of Eicher Motors had declined 5.88% in four trading sessions to settle at Rs 8,128.05 on Thursday, 10 July 2014, from a recent high of Rs 8,635.90 on 4 July 2014.
Eicher Motors' consolidated net profit surged 42% to Rs 139.12 crore on 11.2% growth in net sales to Rs 1899.91 crore in Q1 March 2014 over Q1 March 2013.
Eicher Motors, is the flagship company of the Eicher Group in India and a leading player in the Indian automobile industry. Its 50-50 joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient commercial vehicles of high quality and modern technology, engineering components and provides engineering design solutions. Eicher Motors manufactures and markets the iconic Royal Enfield motorcycles.
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