Eicher Motors is on a high. The stock opened at Rs.8825 and went on to hit a new high at Rs.8940 and continues to trade strongly in the green.

The stock is up, reacting to the very good quarter numbers. Eicher Motors yesterday late evening reported a set of very encouraging Q2CY14 numbers (December year ending). Its consolidated net profit for the quarter rose over 70% at Rs,158 crore and net sales rose to Rs.2222 crore, up from Rs.1646 crore in previous year Q2. The good news was the Royal Enfield, its flagship brand, reported its strongest ever quarterly performance, with a whopping 85% growth in YoY sales.