Bullet maker’s stock has strong speed, so much price has increased in 5 days

The stock price of Eicher Motors, a company that makes bullets from the Royal Enfield brand, is increasing very fast. The auto stock has gained 5.62 per cent or Rs 140.05 in the last five trading sessions. However, Eicher Motors shares closed 0.79 per cent lower at Rs 2,631 on the BSE index on Friday. At the same time, the market cap of Eicher Motors is at Rs 2.38 lakh crore.

One Month Performance: Eicher Motors has registered a growth of 8.22 percent in the last one month. The stock touched a record high of Rs 2995.35 on 27 September 2021. The stock had hit a 52-week low of Rs 2110 on 07 March 2022.

What experts say: Recently, brokerage house ICICI Securities shared its notes on the performance of many stocks in the auto sector. This also included Eicher Motors. ICICI Securities has expressed confidence in this auto stock and has given a buy advice.

Let us tell you that Eicher Motors manufactures all types of automobile parts including trucks, buses, motorcycles. Royal Enfield, which has become the brand of Bullet, is its subsidiary company. The company also manufactures farming equipment including tractors for farmers. 

 

Updated: April 23, 2022 — 18:21

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