Bangalore: Eicher Motors stock was among the top gainers after its price went up by nearly 9 percent. After opening the day at Rs. 999, the stock touched its 52 week high of Rs. 1148, before closing trade at Rs. 1009.75, with a gain of 8.60 percent. Through the day, 145100 shares of Geodesic were traded in the market with the current P/E ratio of 51.90. The 52 week stock price chart is on the left.
Eicher Motors (EML) is an India-based company engaged in the business of automobile products and related components. The Company's product range includes commercial vehicles (Eicher and Volvo trucks), motorcycles, and components, including gears and engineering solutions. The Company operates in the leisure cruiser segment with engine capacity of 350 circuit current (cc) and above. During the year ended December 31, 2009, the Company sold 51,955 motorcycles. In 2009, the Company introduced Classic bike in the two categories of 350cc and 500cc. Some of its subsidiaries include VE Commercial Vehicles, Eicher Engineering Solutions, Hoff Automotive Design Company and Hoff Technology Service Company.
Eicher Motors has posted a net profit of Rs. 55.18 crore for the quarter that ended in 30th June, 2010 which is almost three times of the net profit figure of the similar quarter in the last fiscal. The company has registered a net profit of Rs. 19.79 crore in the same quarter in the previous year. Currently two analysts are following the stock, recommending to buy the stock. Consensus recommendation is to buy the stock.