Eicher Motors spurted 6.94% to Rs 4,727.15 at 11:39 IST on BSE after net profit jumped 117.9% to Rs 74.43 crore on 78% growth in net sales to Rs 525.44 crore in Q4 December 2013 over Q4 December 2012.
The Q4 result was announced after market hours on Wednesday, 12 February 2014.
Meanwhile, the S&P BSE Sensex was down 106.65 points or 0.52% at 20,341.84.
On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 3,401 shares in the past one quarter.
The stock hit a high of Rs 4,884 and a low of Rs 4,525.40 so far during the day. The stock had hit a record high of Rs 5,294.95 on 3 December 2013. The stock had hit a 52-week low of Rs 2,512 on 28 March 2013.
The stock had underperformed the market over the past one month till 12 February 2014, sliding 11.6% compared with the Sensex's 1.49% fall. The scrip had, however, outperformed the market in past one quarter, advancing 5.29% as against Sensex's 0.82% rise.
The large-cap company has equity capital of Rs 27.01 crore. Face value per share is Rs 10.
Eicher Motors' net profit surged 92.5% to Rs 278.62 crore on 62.4% growth in net sales to Rs 1695.39 crore in the year ended 31 December 2013 over the year ended 31 December 2012.
Eicher Motors' board of directors at its meeting held on Wednesday, 12 February 2014, recommended dividend of Rs 30 per share for the year ended 31 December 2013, subject to the approval of shareholders.
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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