Ashok Leyland and Hero MotoCorp surged over 10 per cent each
IGL is in an overall up trend on the daily and weekly charts
The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index
Eicher's commercial vehicle (CV) sales dropped by 81 per cent to 1,409 units during the month from 7,329 units, a year ago
On BS VI transition, the company informed that it has already moved a large part of its product portfolio to BS VI and is seeing a good response to the BS VI motorcycles.
For YES Bank, keep a stop at 36 and go short
Hike in raw material costs adds to pressure
The company had posted a net profit of Rs 532.95 crore for the corresponding period of the previous fiscal, Eicher Motors said in a filing to BSE
A total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES
The first Made-in-India Triumph model from the new venture is likely to be a 400cc motorcycle, priced below Rs 2 lakh
Biocon has maintained a strong base near 280 levels which is a good support level and currently has indicated a positive bullish candle pattern to imply strength
Thus far in January, the stock has slipped 11 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.
Hero's m-cap has fallen 25% and Eicher's by 5.2% in the same period. As a result, the m-cap of Hero is nearly half that of Bajaj
The company, which is a Volvo Group and Eicher Motors joint venture, said Eicher branded trucks and buses recorded a total sales 4,910 units last month as compared to 6,113 units in December 2018
Brokerages expect a gradual recovery in volumes in the coming months
The Volvo-Eicher Motors JV plans to invest Rs 650-700 cr on BS VI rollout, apart from a greenfield venture in Bhopal
Total revenue from operations declined to Rs 2,192.47 crore for the second quarter
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The stock was trading 1 per cent lower at Rs 15,197, its lowest level since January 19, 2016, in the intra-day trade on the BSE.
Eicher Motors share price fell from the opening level of Rs 17,100 to Rs 16,176.20 during the day, ending at Rs 16,389