Shares of Eicher Motors zoomed nearly 9 per cent today after the company posted 70.53 per cent rise in consolidated net profit for the second quarter ended June 30.
Eicher Motors scrip closed the day 7.94 per cent higher at Rs 9,280.85 on the BSE. In intra-day session, it jumped 8.74 per cent to Rs 9,350 -- its 52-week high level.
At the NSE, the stock climbed 8.75 per cent to end at Rs 9,339.
Tracking the rally in the stock, the company's market value rose by Rs 1,850.06 crore to Rs 25,145.06 crore.
Eicher Motors had yesterday posted 70.53 per cent rise in consolidated net profit at Rs 157.44 crore for the second quarter ended June 30.
The company had reported a net profit of Rs 92.32 crore for the same period of previous fiscal.
Net sales of the company rose to Rs 2,221.60 crore for the second quarter, as against Rs 1,646.25 crore for the same period of previous fiscal, Eicher Motors Ltd had said in a filing to the BSE.
The company follows a January-December financial year.
For the six months ended June 30, the company posted a consolidated net profit of Rs 296.56 crore, as compared to Rs 190.26 crore during the same period of previous fiscal.
Net sales of the company for the six months ended June 30, rose to Rs 4,121.51 crore, as against Rs 3,354.85 crore in the previous fiscal.
