Eicher Motors Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4664.85, down 0.89% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 24780.85. The Sensex is at 81048.48, down 0.78%.Eicher Motors Ltd has lost around 1.74% in last one month.Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has increased around 0.74% in last one month and is currently quoting at 25926.3, down 0.94% on the day. The volume in the stock stood at 3.55 lakh shares today, compared to the daily average of 6.09 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 4702.95, down 0.58% on the day. Eicher Motors Ltd jumped 35.39% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.The PE of the stock is 32.89 based on TTM earnings ending June 24.Powered by Capital Market - Live

Eicher Motors Ltd lost 3.14% today to trade at Rs 4815.15. The BSE Auto index is down 2.14% to quote at 59926.42. The index is up 1.83 % over last one month. Among the other constituents of the index, TVS Motor Company Ltd decreased 2.94% and Apollo Tyres Ltd lost 2.56% on the day. The BSE Auto index went up 67.45 % over last one year compared to the 27.94% surge in benchmark SENSEX. Eicher Motors Ltd has lost 1.08% over last one month compared to 1.83% gain in BSE Auto index and 1.08% rise in the SENSEX. On the BSE, 1810 shares were traded in the counter so far compared with average daily volumes of 10888 shares in the past one month. The stock hit a record high of Rs 5104.5 on 27 Sep 2024. The stock hit a 52-week low of Rs 3272.35 on 01 Nov 2023.Powered by Capital Market - Live

Eicher Motors announced that its unlisted subsidiary VE Commercial Vehicles has sold a total 7,609 units in month of September 2024 compared to 7,198 units in September 2023, recording a growth of 5.7%. Powered by Capital Market - Live

Eicher Motors Ltd is up for a third straight session in a row. The stock is quoting at Rs 5103.1, up 2.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 26212.75. The Sensex is at 85638.69, down 0.23%. Eicher Motors Ltd has risen around 3.16% in last one month. Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has risen around 6.82% in last one month and is currently quoting at 27496.25, up 0.54% on the day. The volume in the stock stood at 6.47 lakh shares today, compared to the daily average of 4.99 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5114, up 1.63% on the day. Eicher Motors Ltd is up 48.34% in last one year as compared to a 34.26% spurt in NIFTY and a 71.79% spurt in the Nifty Auto index.The PE of the stock is 34.89 based on TTM earnings ending June 24.Powered by Capital Market - Live

Eicher Motors Ltd is up for a third straight session in a row. The stock is quoting at Rs 5021.7, up 3.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.53% on the day, quoting at 25803.45. The Sensex is at 84485.2, up 1.56%. Eicher Motors Ltd has added around 2.2% in last one month. Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has added around 3.37% in last one month and is currently quoting at 25907.65, up 2.09% on the day. The volume in the stock stood at 7.37 lakh shares today, compared to the daily average of 3.85 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5039.5, up 3.33% on the day. Eicher Motors Ltd is up 46.16% in last one year as compared to a 30.7% gain in NIFTY and a 63.26% gain in the Nifty Auto index.The PE of the stock is 33.97 based on TTM earnings ending June 24.Powered by Capital Market - Live

While, the domestic sales increased by 2.05% to 6,028 units, total exports dropped 23.19% to 255 units in August 2024 over August 2023. Total sales of Volvo trucks and buses in August 2024 grew by 9.7% to 260 units from 237 units sold in August 2023. Further, the company said that it has sold 73,629 motorcycle units in August 2024, which is lower by 5.1% as compared with 77,583 units in August 2023. Sales of motorcycle models with engine capacity up to 350cc slipped 11.5% to 61,087 units and sales of motorcycle models with engine capacity exceeding 350cc climbed 46.52% to 12,542 units in August 2024 over August 2023. The International business recorded sales of 8,006 units in August 2024, down by 2.25% as compared with 8,190 units sold in the same period last year. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space. The company's consolidated net profit jumped 19.94% to Rs 1,101.46 crore in Q1 FY25 as compared with Rs 918.34 crore posted in corresponding quarter last year. Revenue from operations increased 10.2% YoY to Rs 4,393.05 crore during the quarter. Shares of Eicher Motors shed 0.74% to Rs 4,922 on the BSE. Powered by Capital Market - Live

The domestic equity indices continued to trade with substantial gains in afternoon trade. The Nifty scaled above the 24,350 mark. All the sectoral indices on NSE were in the green with auto, media and realty shares gaining the most. At 13:30 IST, the barometer index, the S&P BSE Sensex jumped 830.24 points or 1.05% to 79,716.63. The Nifty 50 index rallied 244.75 points or 1.01% to 24,361.75. In the broader market, the S&P BSE Mid-Cap index rose 1.20% and the S&P BSE Small-Cap index added 0.78%. The market breadth was strong. On the BSE, 2,334 shares rose and 1,497 shares fell. A total of 122 shares were unchanged. Gainers & Losers: Eicher Motors (up 5.68%), Grasim Industries (up 3.14%), Tata Motors (up 2.86%), JSW Steel (up 2.73%) and HCL Technologies (up 2.52%) were major Nifty gainers. Asian Paints (down 1.21%), HDFC Life Insurance Company (down 0.80%) and IndusInd Bank (down 0.23%) were major Nifty losers. Eicher Motors jumped 5.68% after the company's consolidated net profit jumped 19.94% to Rs 1,101.46 crore in Q1 FY25 as compared with Rs 918.34 crore posted in corresponding quarter last year. Revenue from operations increased 10.2% YoY to Rs 4,393.05 crore during the quarter. JSW Steel advance 2.73% after the company's consolidated crude steel production for the month of July 2024 was at 22.15 lakh tonnes, which is higher by 9% as compared with the same period last year. Stocks in Spotlight: Life Insurance Corporation of India (LIC) rose 0.92%. The state-run life insurer's standalone net profit rose 9.61% to Rs 10,461.05 crore on 15.66% increase in total premium income to Rs 1,13,770.14 crore in Q1 FY25 over Q1 FY24. Oil India rallied 4.99%. The petroleum business company reported 9.09% decline in standalone net profit to Rs 1,466.84 in Q1 FY25 as compared to Rs 1,613.43 crore posted in Q1 FY24. However, revenue from operations (excluding excise duty) jumped 17.67% to Rs 5,331.92 crore in Q1 FY25 from Rs 4531.18 crore reported in the same period a year ago. Steel Authority of India (SAIL) slipped 4.51% after the company's standalone net profit dropped 92.87% to Rs 10.68 crore in Q1 FY25 from Rs 149.83 crore in Q1 FY24. Revenue from operations fell 1.48% to Rs 23,997.78 crore during the quarter as compared with Rs 24,357.58 crore posted in same quarter last fiscal Container Corporation of India (CONCOR) declined 2.40%. The company reported 5.14% increase in consolidated net profit to Rs 258.17 crore in Q1 FY25 as compared to Rs 245.56 crore posted in Q1 FY24. Revenue from operations grew by 9.38% year on year (YoY) to Rs 2,103.13 crore during the quarter ended 30 June 2024. Global Markets: European stocks advanced while most Asian stocks traded higher on Friday, buoyed by a strong Wall Street performance. Investor sentiment was lifted by China's release of July consumer price index data, which showed a modest increase and eased deflation concerns. The country's consumer prices rose 0.5% year-on-year last month. However, core CPI, excluding volatile food and energy items, cooled to 0.4% from 0.6% in June. U.S. stocks surged on Thursday after the Labor Department reported a larger-than-expected drop in initial jobless claims to 233,000 for the week ended August 3. The Dow Jones Industrial Average rose 1.76%, the S&P 500 gained 2.30% and the Nasdaq Composite added 2.87%.Powered by Capital Market - Live

The domestic equity benchmarks traded with significant gains in morning trade. The Nifty traded above the 24,300 level. Auto shares gained after declining in the previous trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was up 713.89 points or 0.89% to 79,602.98. The Nifty 50 index added 215.05 points or 0.89% to 24,332.05. In the broader market, the S&P BSE Mid-Cap index added 0.84% and the S&P BSE Small-Cap index rose 0.75%. The market breadth was strong. On the BSE, 2,329 shares rose and 1,228 shares fell. A total of 170 shares were unchanged. Results today: Info Edge (India) (up 1.96%), Aarti Industries (up 0.82%), Alkem Laboratories (up 0.14%), Shipping Corporation of India (up 1.10%), SJVN (up 0.79%), Trent (up 2.33%), Bajaj Consumer Care (up 1.11%), Bharat Dynamics (up 1.81%), Bengal & Assam Co (down 0.13%), Berger Paints India (up 0.81%), Cesc (up 0.94%), Cholamandalam Financial Holdings (up 0.39%), Concord Biotech (up 1.26%), Electronics Mart India (up 2.35%), Engineers India (down 0.50%), General Insurance Corporation of India (up 0.84%), Grasim Industries (up 2.54%), Honasa Consumer (down 3.96%), Inox India (up 0.09%), Jubilant Foodworks (up 0.58%), Kolte-Patil Developers (up 0.70%), C.E. Info Systems (up 0.58%), MMTC (up 0.54%), Prism Johnson (up 0.87%) will announced their quarterly earnings later today. Buzzing Index: The Nifty Auto index added 1.70% to 25,342.10. The index shed 0.11% in the past trading session. Eicher Motors (up 4.33%), Tata Motors (up 3.15%), Bharat Forge (up 2.71%), Ashok Leyland (up 2.66%), Tata Motors-DVR (up 2.58%), Samvardhana Motherson International (up 2.56%), Mahindra & Mahindra (up 2.06%), TVS Motor Company (up 1.36%), Bosch (up 1.22%) and Bajaj Auto (up 1.11%) advanced. On the other hand, Apollo Tyres (down 2.85%), MRF (down 1.92%) declined. Eicher Motors jumped 4.47% after the company's consolidated net profit jumped 19.94% to Rs 1,101.46 crore in Q1 FY25 as compared with Rs 918.34 crore posted in corresponding quarter last year. Revenue from operations increased 10.2% YoY to Rs 4,393.05 crore during the quarter. Stocks in Spotlight: Biocon fell 1.14%. The company's consolidated net profit surged to Rs 1,135 crore in Q1 FY25 as against 94 crore posted in corresponding quarter last fiscal. Revenue increased marginally to Rs 3,433 crore in Q1 FY25 as compared with Rs 3,423 crore in Q1 FY24. SAIL declined 2.23% after the company's consolidated net profit declined 62% to Rs 81.78 crore in Q1 FY25 as compared with Rs 212.48 crore posted in Q1 FY24. Revenue fell 1.5% YoY to Rs 23,998 crore during the quarter. The company reported an exceptional loss of Rs 312 crore in the current quarter, mainly on the back of allowances payable to executive employees. Powered by Capital Market - Live

Revenue from operations increased 10.2% YoY to Rs 4,393.05 crore during the quarter. Profit before share of profit of Joint venture and tax stood at Rs 1,266.48 crore, up 13.96% as compared with Rs 1,111.35 crore in Q1 FY24. EBITDA was Rs 1,165 crore in Q1 FY25, up 14.1% as compared to Rs 1,021 crore in the same quarter of the previous financial year. During the quarter, Royal Enfield recorded sales of 2,27,736 motorcycles as compared to 2,25,368 motorcycles sold during the same period in FY 2023-24. In Q1 FY25, VECV's revenue from operations increased 1.8% to Rs 5,070 crore as compared with Rs 4,980 crore posted in same quarter last year. Profit after tax jumped 76.24% YoY to Rs 319 crore in Q1 FY25. VECV recorded sales of 19,702 vehicles for FY 2024-25 over 19,571 vehicles in FY 2023-24. Siddhartha Lal, managing director, Eicher Motors, said, 'At Royal Enfield, we launched the Guerrilla 450, our premium, modern roadster on the Sherpa platform. We believe the Guerrilla is a formidable motorcycle with strong potential and will be a gamechanger in the category. We have a robust product calendar for the rest of the year as well, and are getting ready to launch the 2024 Classic very soon. Meanwhile, VE Commercial Vehicles recorded its best ever first-quarter sales, gaining volumes in key segments, and reflecting its commitment to excellence and customer satisfaction.' B. Govindarajan, CEO - Royal Enfield and wholetime director, EML said, 'Royal Enfield has witnessed a good start to FY25. Our diverse product range has strengthened our position in the mid-size segment across the globe. This quarter has been particularly notable for our performance in the international markets. We have launched Himalayan 450 across APAC, EU, UK, and Mexico. In our commitment to sustainable travel and support to the Himalayan communities, we also introduced Camp Kharu in Ladakh, a first of many to come Green Pit Stops. Reinforcing our dedication to exceptional rider satisfaction and the 'pure motorcycling' ethos, we announced 'Borderless Warranty Program' providing riders with warranty coverage across 70+ countries. We remain focused on innovation and excellence, driving forward with a commitment to delivering extraordinary experiences to riders around the world.' Vinod Aggarwal, MD and CEO VECV, said, 'VECV delivered its highest ever first quarter sales during Q1 FY25 growing 0.7% over Q1 FY24. This is a testament to our focus on delivering uptime to customers backed by a fast-expanding service and parts network. We took a significant step this quarter by forming a JV with iTriangle Infotech to develop next-gen surround services related to transportation business ' building on our industry leading connected vehicle ecosystem. We also continued to deliver new products and variants in line with developments in the industry. During the quarter, margins remained under pressure due to a competitive market situation.' Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.Powered by Capital Market - Live

The key equity indices traded with major gains in early trade. The Nifty traded above the 24,350 mark. All sectoral indices traded in green on the NSE with IT, oil & gas, and auto shares gaining the most. At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 883.33 points or 1.12% to 79,763.84. The Nifty 50 index surged 275.50 points or 1.14% to 24,387.10. In the broader market, the S&P BSE Mid-Cap index added 0.89% and the S&P BSE Small-Cap index rose 0.85%. The market breadth was strong. On the BSE, 2,322 shares rose and 525 shares fell. A total of 102 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 2,626.73 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 577.30 crore in the Indian equity market on 8 August 2024, provisional data showed. Stocks in Spotlight: Eicher Motors rallied 4% after the company's consolidated net profit jumped 19.93% to Rs 1,101 crore during the quarter as compared with Rs 918 crore in Q1 FY24. Revenue increased 10.21% YoY to Rs 4,393 crore during the quarter. Life Insurance Corporation of India added 1.49% after the company's consolidated net profit rose 9% YoY to Rs 10,544 crore in Q1 FY25. Net premium income increased 16% YoY to Rs 1.14 lakh crore in Q1 FY25. Cochin Shipyard advanced 4.59% after the company's consolidated net profit jumped 76.6% to Rs 174 crore on 62.07% increase in revenue to Rs 771 crore in Q1 FY25 over Q1 FY24. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.82% to 7.002 as compared with previous close 6.862. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9425, compared with its close of 83.9725 during the previous trading session. MCX Gold futures for 5 October 2024 settlement shed 0.12% to Rs 69,634. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.04% to 103.16. The United States 10-year bond yield fell 0.65% to 3.971. In the commodities market, Brent crude for October 2024 settlement added 10 cents or 0.13% to $79.26 a barrel. Global Markets: Asian shares surged on Friday, buoyed by a strong Wall Street performance. Investor sentiment was lifted by China's release of July consumer price index data, which showed a modest increase and eased deflation concerns. The country's consumer prices rose 0.5% year-on-year last month. However, core CPI, excluding volatile food and energy items, cooled to 0.4% from 0.6% in June. U.S. stocks surged on Thursday after the Labor Department reported a larger-than-expected drop in initial jobless claims to 233,000 for the week ended August 3. The Dow Jones Industrial Average rose 1.76%, the S&P 500 gained 2.30% and the Nasdaq Composite added 2.87%.Powered by Capital Market - Live