Eicher Motors down in the red
By
Ruma Dubey
about 6 years ago
Eicher Motors is the top loser on the BSE since morning. The stock lost over 6% at Rs.21,791.50 and remains in the red.
The stock slumped after Royal Enfield reported a 13% decline in total sales to 58,278 units in December compared to 66,968 units in December last year.
Domestic sales stood at 56,026 units last month as compared with 65,367 units in December 2017, a dip of 14%. Exports rose 41% to 2,252 units in December, compared with 1,601 units in the same month previous year.
As per Reuters, 28 of 39 brokerages rate the stock "buy" or 'outperform', five "hold" , four "underperform" and two "sell.