The company had announced, on May 25, its stock split plan to make the stock more affordable for the small retail investors and increase liquidity
Here are five stocks from the auto sector that look bullish on the charts.
Top officials of Royal Enfield said that despite the rapid recovery in demand, the Covid-19 induced lockdowns have been impacting production
"The uncertainties continue, but things are looking up on the demand side for motorcycles and it is expected to catch up soon in commercial vehicles," said Siddhartha Lal, MD and CEO at Eicher Motors
VECV entered into a business transfer agreement on Aug 12 with Volvo Group India for acquisition, as a going concern on slump sale basis, of the bus business of Volvo Group India, Eicher Motors said
"The previous quarter put forth unprecedented challenges for the industry and for Eicher Motors," said Managing Director Siddhartha Lal
All that happened in the markets today
The P/E for Bharti Airtel and Avenue Supermarts is currently below the pre-Covid levels. Reliance Industries, Cipla, Havells India, and Eicher Motors have seen the maximum P/E expansion
On June 12, the company's board approved the stock split in the ratio of 1:10
The company has presence in the two wheeler segment through Royal Enfield, which sells niche bikes across domestic and international markets
Eicher Motor also announced a stock split of 10 shares for every share held
Bookings are now at pre-Covid levels of around 60,000 a month in India, said CEO Dasari
Total income declines 11 per cent to Rs 2,351.30 crore
All that happened in the markets today
For May, Eicher Motors reported a 69 per cent year-on-year (YoY) drop in Royal Enfield sales at 19,113 units.
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
The company announced stock split plan to make the stock more affordable for the small retail investors and increase liquidity.
Delay in discretionary spends, competitive intensity in export markets among challenges
The stock of Reliance Industries has corrected from the peak of Rs 1,600 and is currently showing signs of reversal bottoming our near Rs 1,415 levels
This week, a total of 17 companies are scheduled to announce their quarterly earnings which includes HCL Technologies, Kansai Nerloac Paints, and YES Bank among others