Royal Enfield: Eicher Motors, which is reputed Royal Enfield There was a huge jump in the shares of Bikes’ parent company on January 2. The company’s motorcycle sales for December 2024 have registered a growth of 25%. Due to this positive performance, the shares of the company gained 7% on BSE and reached the level of Rs 5233, which is its 52-week high.
December 2024: Great performance in motorcycle sales
25% increase in total sales
According to the information given by the company to the stock exchanges, a total of 79,466 units of motorcycles were sold in December 2024. This figure was 63,387 units last year in December 2023, i.e. an increase of 25%.
90% jump in international business
Eicher Motors also had a great performance in the international market. International business sales stood at 11,575 units in December 2024, which is 90% more than last year’s 6,098 units.
Increase in sales of models of 350 cc and above
Models up to 350 cc
- 69,476 units were sold in December 2024, compared to 55,401 units last year.
- It recorded an annual growth of 25%.
Models with engine capacity more than 350 cc
- Sales of these models stood at 9,990 units in December 2024, which was 7,986 units in December 2023.
- This category also increased by 25%.
Eicher Motors stock performance
7% rise in shares
On January 2, shares of Eicher Motors opened at Rs 4875.55 on BSE. After this it increased by 7% to Rs 5233. This is its 52-week high.
one year performance
- The company’s shares have gained 34% in the last one year.
- The upper price band on BSE is set at Rs 5,374.05.
Market cap and promoters’ stake
- The market cap of the company currently stands at Rs 1.42 lakh crore.
- Promoters held 49.10% stake as of September 2024.
Eicher Motors: On the way to success
excellent sales performance
There has been a significant increase in the sales of all the models of the company in the month of December 2024. Especially the 90% jump in the international market has strengthened the company’s global position.
future expectations
The excellent performance of Eicher Motors and rising stock market prices indicate that the company has been successful in capitalizing on the demand for its products and competition in the market.
