The stock dipped 7% to Rs 18,380 on NSE after 1.14 million shares changed hands via block deal.
The sale has been done to provide liquidity to the promoters for personal uses, such as portfolio and other investments
Operating profit margins expanded to the highest levels ever in the March quarter
Royal Enfield plans to invest Rs 600 crore in product development and R&D
The stock fell nearly 4% to Rs 18,750, extending its 2% decline in past two trading sessions on the BSE.