Bullet-selling company Eicher Motors Share has seen a rise of more than 8 percent today. This jump in the company’s shares was recorded after strong quarterly results. Eicher Motors shares opened at Rs 4697.55 in BSE. But after some time, the company’s shares rose by more than 8 percent to reach the level of Rs 4972.50.
The company’s net profit was Rs 1100 crore
Eicher Motors’ net profit has increased by eight percent to Rs 1,100 crore in the second quarter ended September of the current financial year. While giving this information on Wednesday, the company said that its profit has increased due to strong sales in all business segments. And in the same quarter of the previous financial year, the company’s net profit was Rs 1,016 crore.
Eicher Motors Share said in a notice to the stock market that its operating revenue in the September quarter was Rs 4,263 crore, which is its best income figure for the second quarter. The company’s operating revenue was Rs 4,115 crore in the same quarter of the previous financial year.
More than 2 lakh Royal Enfield motorcycles sold
In the second quarter, Eicher Motors’ flagship company Royal Enfield sold 2,25,317 motorcycles. The company sold 2,29,496 units in the same quarter of the previous financial year. Siddharth Lal, Managing Director of Eicher Motors, said, “During the September quarter, we have maintained the momentum in both Royal Enfield and VECV.”
What is the performance of the company Eicher Motors shares in the stock market?
By the way, the company’s stock has performed very well from Rs 1.21 in the year 1999 to today 2024 and in the same year 2024, the price of Eicher Motors shares has seen a rise of more than 22 percent. At the same time, the price of this stock has increased by 35 percent in 1 year. The company’s 52 week high was Rs 5104.50 and 52 week low was Rs 3564.
