Eicher Motors on good roads
By
Research Desk
about 9 years ago
Eicher Motors is on good roads today with exuberant sales number for December powering up the stock price. Intra day, the stock price rose up 5% to Rs.17,690.25. Its 52-week high and low stands at Rs.21,618.39 and Rs.13,930.
The company announced that it had sold 5,068 units of commercial vehicles in December 2015, which is up by 44% against 3,512 units sold in December 2014. On sequential basis, volumes have rise by 39% MoM against 3,639 units sold in November 2015.
In terms of Q3FY16 sales, its total CV sales stood at 12,692 units, up 9% QoQ and 34% YoY.