Eicher Motors jumped 8.26% to Rs 3,465 at 12:17 IST on BSE after consolidated net profit rose 21.54% to Rs 92.32 crore on 4.67% increase in total income to Rs 1,690.98 crore in Q2 June 2013 over Q2 June 2012.
The result was announced after market hours on Wednesday, 7 August 2013.
Meanwhile, the S&P BSE Sensex was up 61.99 points, or 0.33%, to 18,726.87.
On BSE, 5,751 shares were traded in the counter as against an average daily volume of 5,486 shares in the past one quarter.
The stock hit a high of Rs 3,497.90 and a low of Rs 3,281.70 so far during the day. The stock had hit a record high of Rs 3,980 on 18 July 2013. The stock had hit a 52-week low of Rs 2,027 on 10 August 2012.
The stock had underperformed the market over the past one month till 7 August 2013, sliding 11.35% compared with the Sensex's 4.26% fall. The scrip had, however, outperformed the market in past one quarter, rising 2.30% as against Sensex's 6.15% fall.
The mid-cap company has an equity capital of Rs 27.01 crore. Face value per share is Rs 10.
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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